Source: Plurilock
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  • Plurilock Security (PLUR) has launched a non-brokered private placement of convertible debenture units for total gross proceeds of up to $2,500,000
  • Each debenture unit will consist of $1,000 principal amount of 10 per cent unsecured convertible debenture and 500 common share purchase warrants
  • The offering is expected to close on or about August 5, 2022
  • Plurilock offers world-class IT and cybersecurity solutions paired with proprietary, AI-driven and cloud-friendly security
  • Plurilock Security Inc. (PLUR) opened trading at C$0.18

Plurilock Security (PLUR) has launched a non-brokered private placement of convertible debenture units for total gross proceeds of up to $2,500,000.

Each debenture unit will consist of $1,000 principal amount of 10 per cent unsecured convertible debenture and 500 common share purchase warrants.

The debentures will be convertible into common shares at a conversion price of $0.285.

The debentures have a maturity date of 48 months from the date of issuance.

Each warrant will entitle the holder to acquire one common share for a period of 24 months. The warrants are subject to an acceleration clause.

The offering is expected to close on or about August 5, 2022.

The net proceeds will be used for Plurilock’s acquisition pipeline and for general corporate purposes.

Plurilock offers world-class IT and cybersecurity solutions through its Solutions Division, paired with proprietary, AI-driven and cloud-friendly security through its Technology Division.

Plurilock Security Inc. (PLUR) opened trading at C$0.18.


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