Three Sixty Solar Ltd. (TSE:VSOL) has released an update.
Three Sixty Solar Ltd. has successfully closed the first tranche of its private placement, offering units at $0.15 each, which include a common share and a half warrant, with the latter allowing the purchase of an additional share at $0.50 within 24 months. The company aims to raise up to $500,000 through the sale of 3,333,334 units to fund an investor awareness campaign, settle outstanding liabilities, and support general working capital needs. The offering, which is yet to receive final approval from the Cboe Canada Inc. stock exchange, will not be registered under the U.S. Securities Act and is not available in the U.S.
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