Therma Bright Plans Private Placement of Up to $420,000
Bitget2026/10/24 00:38- Therma Bright announced a proposed non-brokered private placement on October 23, 2026, to raise up to $420,000.
- The offering comprises up to 14,000,000 common shares priced at $0.03 each, using a TSX Venture Exchange minimum pricing exception.
- Planned proceeds include $120,000 for a manufacturing deposit and $50,000 for consumer marketing analysis.
- Other allocations include $168,000 for debt and working capital, $40,000 for management reimbursements and accrued salaries, and up to $42,000 for investor relations.
- Completion remains subject to regulatory approvals, including TSX Venture Exchange approval.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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