Scryb Inc. Launches $1.5 Million Private Placement

Scryb Inc. (TSE:SCYB) has released an update.

Scryb Inc. has launched a non-brokered private placement aiming to raise $1.5 million by offering 60 million units at $0.025 each, with units comprising a common share and a purchase warrant. The funds raised will bolster working capital and support general corporate functions, with the offering’s completion contingent on regulatory approvals. The offered securities will be restricted for four months in compliance with securities legislation.

For further insights into TSE:SCYB stock, check out TipRanks’ Stock Analysis page.