Mr. Nick
Brusatore reports
HARRYS MANUFACTURING INC. ANNOUNCES FINANCING
Harrys Manufacturing Inc. has arranged a non-brokered private placement of up
to two million units of the company at 2.5 cents per unit for gross proceeds of
up to $50,000.
Each unit will consist of one common share in the capital of the company and one transferable common share purchase warrant. Each warrant will
entitle the holder to purchase one additional share at a price of five cents for a period of 24
months from the closing of the offering.
The company may pay finders' fees on the offering within the amount permitted by the
policies of the Canadian Securities Exchange. The company will use the net
proceeds from the offering for operations and administrative costs.
Completion of the offering is subject to certain conditions, including receipt of all
necessary corporate and regulatory approvals, including the CSE. All securities issued
in connection with the offering will be subject to a statutory hold period of four months
plus one day from the date of issuance in accordance with applicable securities legislation.
The offering is not subject to a minimum aggregate amount of subscriptions.
"We are actively developing strategies to enhance shareholder value and seeking
merger partners to unlock our potential," said chief executive officer Nick Brusatore.
We seek Safe Harbor.
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