Source: PesoRama.
  • PesoRama (PESO) has announced a non-brokered private placement for gross proceeds of up to $2,000,000
  • The pricing of the units is yet to be determined
  • Gross proceeds raised will be used for working capital and general corporate purposes
  • PesoRama operates as Mexico’s only dollar store retailer under the JOi Canadian Stores brand
  • Pesorama Inc. (PESO) opened trading at C$0.14

PesoRama (PESO) has announced a non-brokered private placement for gross proceeds of up to $2,000,000.

The pricing of the units is yet to be determined. Each unit will include one common share and one share purchase warrant. Each warrant will entitle the holder to acquire one additional share.

Gross proceeds raised will be used for working capital and general corporate purposes.

All securities issued will be subject to a statutory four-month hold period.

PesoRama, operating under the JOi Dollar Plus brand, is a Mexican value dollar store retailer. PesoRama launched operations in 2019 in Mexico City and the surrounding areas targeting high-density, high-traffic locations. PesoRama’s 21 stores offer household goods, pet supplies, seasonal products, party supplies, health and beauty, snack food items, confectionery and more.

Pesorama Inc. (PESO) opened trading at C$0.14.


More From The Market Online

You can strike gold and silver investment opportunities at Costco

Costco (NDAQ:COST), known for its wide array of products, also offers a distinct opportunity for investors: gold and silver.

Flow Beverage unveils sustainable packaging

Flow Beverage (TSX:FLOW) reveals new sustainable packaging to debut in the summer across North America in addition to a new brand platform.

Tilray introduces CBG-infused non-alcoholic cannabis seltzers

Tilray Brands (TSX:TLRY) has expanded its beverage portfolio with a lineup of new cannabis-infused non-alcoholic seltzers.