CubicFarm Systems (TSE:CUB) has released an update.
CubicFarm Systems Corp. has successfully completed a non-brokered private placement, issuing 2,875,000 Units at C$0.20 each to raise C$575,000 in capital. These funds are earmarked for general working capital purposes. The offering included participation from interim CEO John de Jonge, which was considered a related party transaction under securities regulations but remained within exemption limits.
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