Safe Supply increases private placement to $1 million

Safe Supply Streaming Co Ltd. (CSE: SPLY) (OTCQB: SSPLF) (FSE: QM4) announced it has increased its private placement offering to up to $1 million in gross proceeds due to investor interest. The company will sell units at $0.05 per unit, up from the original offering size outlined in its November 24 announcement.

The offering is expected to close during the week of December 8. The transaction requires corporate and regulatory approvals, including approval from the Canadian Securities Exchange. Securities issued will be subject to a four-month hold period plus one day from the issuance date under Canadian securities legislation.

Safe Supply operates in health, safety and rapid response technologies. The company's subsidiaries include Safety Strips Tech Corp. and Drug Lab 118 Ltd., which develop testing products for fentanyl and drink-spiking detection.

The securities have not been registered under the U.S. Securities Act of 1933 and cannot be offered or sold in the United States without registration or an applicable exemption.

You May Also Be Interested In

• Globavend (GVH) files for 5.95M share offering by selling stockholders
• UBS Reiterates Buy Rating on Williams Companies (WMB)
• Performance Shipping extends tanker charter at $40,500/day average rate