Mr. S. Randall Smallbone reports
ASTRON CONNECT INC. ANNOUNCES $400,000 NON-BROKERED PRIVATE PLACEMENT
Astron
Connect
Inc.
has arranged a non-brokered private placement offering of 13,333,333 common shares of the company at a price of three cents per share for intended aggregate gross proceeds of up to $400,000.
The aggregate number of shares to be issued does not exceed 100 per cent of the number of common shares issued and outstanding on a non-diluted basis.
The gross proceeds from the offering will be used for general working capital and will not be used for any investor relations activities. Out of the gross proceeds of the offering, $40,000 will be used to pay the accrued fees from non-arm's-length parties, including directors and officers. There is no specific use which will represent 10 per cent or more of the gross proceeds of the offering.
The offering is anticipated to close on or about
Nov. 8, 2024, or such earlier or later date as the company may determine at its sole discretion. The closing is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange. The shares to be issued under the offering will have a hold period of four months and one day from closing.
Subject to the approval of the exchange, certain finders at arm's length to the company may receive from the company a finder's fee of cash and/or securities of the company on terms to be negotiated among the company and the finders.
About
Astron
Connect Inc.
Astron
Connect helps
Canadian
enterprises
in
the
food
and
beverage
industry
break
through the noise and bring their products to new international markets in the emerging world.
Astron
Connect
brings
Canadian
food
and
beverage
companies
to
the
world
through
its
extensive
connections
and
export
logistics
capabilities
in
China
and
emerging
markets.
Manna
Water
and
Sachiel
Water
(both
Astron
brands)
supply
China
and
other
emerging
markets
with
pure
Canadian
bottled
spring
water.
We seek Safe Harbor.
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