KMT-Hansa Announces Private Placement
February 23 2023 - 5:01PM
KMT-Hansa Corp. (the “Corporation”) is pleased to announce that it
intends to raise gross proceeds of up to $250,000 through a
non-brokered private placement of up to 10,000,000 units (the
“Units”) of the Corporation at a price of $0.025 per Unit.
Each Unit shall consist of one common share
(“Share”) in the capital of the Corporation and one common share
purchase warrant (“Warrant”). Each Warrant will entitle the holder
thereof to acquire one common share of the Company (each a “Warrant
Share”) at a price of $0.05 per Warrant Share for a period of 60
months following the date of issuance.
The non-brokered private placement is subject to
all necessary regulatory approvals. The securities being issued in
the private placement will be subject to a four-month hold period
in accordance with applicable Canadian securities laws. The
Corporation intends to use the net proceeds for general working
capital.
For further information please contact:
Jay VieiraDirector and Chief Executive Officer
Email: kmthansa@gmail.com
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Forward Looking Statements
This news release contains “forward-looking
statements” within the meaning of the United States Private
Securities Litigation Reform Act of 1995 and applicable Canadian
securities legislation. Generally, these forward-looking statements
can be identified by the use of forward-looking terminology such as
“plans”, “anticipated”, “expects” or “does not expect”, “is
expected”, “budget”, “scheduled”, “estimates”, “forecasts”,
“intends”, “anticipates” or “does not anticipate”, or “believes”,
or variations of such words and phrases or state that certain
actions, events or results “may”, “could”, “would”, “might” or
“will be taken”, “occur” or “be achieved”. KMT-Hansa is subject to
significant risks and uncertainties which may cause the actual
results, performance or achievements to be materially different
from any future results, performance or achievements expressed or
implied by the forward-looking statements contained in this
release. KMT-Hansa cannot assure investors that actual results will
be consistent with these forward-looking statements and KMT-Hansa
assumes no obligation to update or revise the forward-looking
statements contained in this release to reflect actual events or
new circumstances.
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