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  • PesoRama (PESO) has upsized its private placement offering for gross proceeds of up to $2,750,000
  • The company will issue up to 18,333,333 units at $0.15 per unit
  • PesoRama operates as Mexico’s only dollar store retailer under the JOi Canadian Stores brand
  • PesoRama Inc. (PESO) opened trading at C$0.135

PesoRama (PESO) has upsized its previously-announced private placement offering for gross proceeds of up to $2,750,000.

Driven by high investor demand, the company will now issue up to 18,333,333 units at $0.15 per unit. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share at $0.30 for a period of three years.

Warrants are subject to an acceleration clause.

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$0.135.

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