Hanna Capital Corp's Innovative Private Placement Strategy
Hanna Capital Corp. Announces Private Placement Initiative
Hanna Capital Corp. is on a mission to gather up to $500,000 through a strategic private placement of secured convertible debentures and units. This funding effort aims to enhance the company's financial base, enabling growth and operational stability.
Overview of the Debenture Offering
At the forefront of this innovative financing approach are the Debenture Units. Each of these units comprises a principal amount of $10,000 in secured convertible debt paired with a substantial 500,000 common share purchase warrants. Holders of these warrants will benefit from the opportunity to acquire common shares of Hanna Capital at an attractive exercise price of $0.05, available for one year from issuance.
Key Features of the Debenture Units
The Debentures, integral to the offering, are structured to mature three years from their issuance, with an interest rate set at 12% per annum. Investors will receive routine monthly interest payments during the life of the Debentures. Investors also have the advantageous option to convert their holdings into common shares at a remarkably low price of $0.01 per share.
Details on the Unit Offering
Alongside the Debenture Units, the Corporation is also offering Units priced at just $0.01 each. Each Unit will include one common share and an enticing warrant, similar to the Debenture Units. The corresponding Warrants will allow investors to purchase common shares at $0.05 each for a period that spans 36 months from the date of issuance.
Regulatory Approval and Use of Proceeds
This non-brokered private placement initiative is contingent upon receiving the necessary regulatory approvals. Additionally, securities issued as part of this placement will be subject to a four-month hold period, ensuring compliance with Canadian securities regulations. The net proceeds from this private placement will be strategically allocated to enhance Hanna Capital's working capital.
Contact Information for Investors
Investors looking to inquire further about the private placement can reach out directly to Herb Brugh, the Director of Hanna Capital Corp. Effective communication is key as the Corporation moves forward with this promising financial venture.
Frequently Asked Questions
What is the purpose of Hanna Capital's private placement?
The primary goal is to raise up to $500,000 to support working capital and expand operational capabilities.
What does each Debenture Unit include?
Each Debenture Unit includes $10,000 principal of secured convertible debt along with 500,000 warrants for common shares.
How long will the Debentures be valid?
The Debentures will mature three years after issuance, with options for early redemption under specific conditions.
What are the terms for converting Debentures to shares?
Holders can convert their Debentures into common shares at a price of $0.01 per share at their discretion.
Who should interested parties contact for more information?
Interested individuals should contact Herb Brugh, Director at Hanna Capital Corp, for all inquiries regarding the offering.
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