Principal Technologies Seeks $1M in Private Placement

Principal Technologies, Inc. (TSE:PTEC) has released an update.

Principal Technologies Inc. has launched a non-brokered private placement aiming to raise $1 million by offering 4 million units at $0.25 each, which includes a share and a purchase warrant. The funds raised are slated for general corporate purposes and working capital. The expected closing date is around October 16, 2024, with all securities subject to a four-month hold period as per Canadian laws.

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