Frequency Exchange Corp (TSE:FREQ) has released an update.
Frequency Exchange Corp. successfully completes the second tranche of its private placement, raising $353,076 by issuing over 2.35 million units at $0.15 each, each with a share and a purchase warrant. Due to high demand, the company has doubled the size of the placement from $500,000 to $1,000,000. The securities are subject to a hold period expiring on December 1, 2024, and the placement is awaiting final approval from the TSX Venture Exchange.
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