- Playground Ventures (PLAY) has closed the first tranche of its non-brokered private placement
- A total of 4,938,214 units were offered at a price of $0.35 for gross proceeds of $1,728,374
- The company paid a cash commission of $56,147.70 in finder’s fees
- Proceeds from the offering will be used for general working capital purposes
- Playground Ventures Inc. (PLAY) opened trading at C$0.40 per share
Playground Ventures (PLAY) has closed the first tranche of its non-brokered private placement.
A total of 4,938,214 units were offered at a price of $0.35 for gross proceeds of $1,728,374.
Each unit is comprised of one common share and one-half of one purchase warrant.
Each warrant entitles the holder to purchase one share at a price of $0.70 for a period of eighteen months.
The company paid a cash commission of $56,147.70, equal to 7% of the gross proceeds of the offering in finder’s fees.
Proceeds from the offering will be used for general working capital purposes.
All securities issued will be subject to a hold period of four months plus a day from the date of issuance.
ThreeD Capital lead this investment.
“Playground offers investors a unique opportunity to participate in a diversified portfolio of cash flow market ready assets and early-stage venture companies. As the management and advisory team continues to build its industry presence, their ability to identify and complete new acquisition and partnerships will build shareholder value.” – Sheldon Inwentash, CEO of ThreeD Capital.
In addition to ThreeD Capital’s investment in Playground Ventures, Mr. Inwentash currently sits on the company’s advisory board.
Playground Ventures Inc. (PLAY) opened trading at C$0.40 per share.
