Mr. Kal Malhi reports
COLOURED TIES ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF UP TO $1,200,000
Coloured Ties Capital Inc. has arranged a non-brokered private placement of a minimum of 1,293,104 units and a maximum of 2,068,965 units of the company at a price of 58 cents per unit, for minimum gross proceeds of $750,000 and maximum gross proceeds of $1.2-million.
Each unit will consist of one common share of the company and one common share purchase warrant. Each warrant will entitle the holder to purchase one additional common share at an exercise price of 72 cents per common share for a period of 60 months from the date of issuance.
The company intends to use the net proceeds of the offering for general working capital purposes.
The company may pay finders' fees to eligible finders in connection with the offering, in accordance with the policies of the TSX Venture Exchange. No insiders of the company are expected to participate in the offering, and the offering is not expected to create any new insiders or control persons of the company.
The offering is expected to close on or about Oct. 30, 2026, and is subject to certain conditions, including receipt of all necessary approvals, including the approval of the TSX-V. All securities issued under the offering will be subject to a statutory hold period of four months and one day from the date of issuance, in accordance with applicable securities laws.
About Coloured Ties Capital Inc.
Coloured Ties is a publicly traded Canadian-based venture capital firm focused on early-stage investments in companies in the junior resources and breakthrough and disruptive technologies. Coloured Ties' investment strategy is to invest early in multiple private and public companies across a variety of sectors that merit investment to advance promising ventures globally. Coloured Ties invests early-stage in promising projects, serving as the founding or early-stage investor and providing investees with advisory services and access to the company's ecosystem.
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