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  • FTI Foodtech International Inc. (FTI) announces that it has closed a private placement for $100,000
  • The private placement is a non-brokered offering of 1,000,000 units of the Issuer, at a price of $0.10 per unit
  • The proceeds will be used for costs to evaluate opportunities for the company, to cover the company’s operating expenses and to reduce company debt
  • FTI Foodtech International Inc. engages in the resale of liquidation merchandise
  • FTI Foodtech International Inc. (FTI) is unchanged trading at $0.13 per share as of 2:19 p.m

FTI Foodtech International Inc. (FTI) announces that it has closed a private placement for $100,000.

The private placement is a non-brokered offering of 1,000,000 units, priced at $0.10 per unit.

Each unit is comprised of one common share and one common share purchase warrant.

Each warrant is exercisable to acquire one common share at a price of $0.40 per share for a period of one year following the closing date of the private placement.

The certificates may not be sold, transferred, hypothecated or otherwise traded on or through the facilities of TSX Venture Exchange or otherwise in Canada or to or for the benefit of a Canadian resident until April 1, 2022.

The proceeds will be used to cover operating expenses and reduce company debt.

FTI Foodtech International Inc. engages in the resale of liquidation merchandise.

It exchanges goods on barter exchanges for which transactions are tendered using barter exchange dollars.

The company also focuses on developing FLASH coins for the barter and food industries. In addition, it engages in the surplus goods business. FTI Foodtech International Inc. was incorporated in 1979 and is based in Toronto, Canada.

FTI Foodtech International Inc. (FTI) is unchanged trading at $0.13 per share as of 2:19 p.m.

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