Inturai Ventures closes final tranche of private placement

Inturai Ventures Corp. (CSE: URAI) (OTC: URAIF) (FSE: 3QG0) has closed the second and final tranche of its non-brokered private placement, issuing 151,427 units at $0.15 per unit for gross proceeds of $22,714.05, according to a press release.

In total, the company issued 6,424,758 units across both tranches for aggregate gross proceeds of $963,713.70.

Each unit consists of one common share and one share purchase warrant. Each warrant allows the holder to acquire one additional common share at $0.25 for 24 months from the date of issuance. The warrants are subject to accelerated expiry if the share price closes at or above $0.35 for five consecutive trading days, after which holders would have 30 days to exercise their warrants.

The units were offered under the listed issuer financing exemption in Canadian provinces, excluding Quebec, and in other qualifying jurisdictions including the United States. Units issued under this exemption are immediately free-trading under applicable Canadian securities laws.

In connection with the first tranche, the company paid $9,900 and issued 66,000 finder warrants to arm's-length parties who introduced subscribers to the offering. Each finder warrant entitles the holder to acquire one common share at $0.25 until August 28, 2028. Securities issued to finders are subject to resale restrictions until December 29, 2026.

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