Legible Inc. (TSE:READ) has released an update.
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Legible Inc. successfully raises $1,050,000 through a non-brokered private placement offering, issuing 150 units at $7,000 each, which includes convertible debentures and share purchase warrants. The proceeds are earmarked for general working capital, enhancing technology, and marketing initiatives. Notably, a significant stakeholder, Jaret Wilson, participated in the offering, demonstrating insider confidence.
For further insights into TSE:READ stock, check out TipRanks’ Stock Analysis page.
