Vancouver-based Tisdale Clean Energy Corp. (TCEC.C)(“Tisdale”) has announced an ambitious step in its financial strategy, initiating a non-brokered private placement aimed at raising substantial funds to boost its operational capabilities. The company plans to offer up to 6,666,667 units at a price of $0.18 per unit, eyeing gross proceeds of up to $1,200,000.
Each unit in this offering includes a common share of Tisdale and a share purchase warrant. The warrant is exercisable at a price of $0.30 and remains valid for a period of twenty-four months. This structure provides investors not only with a stake in the company but also with an opportunity for future investment at a predetermined price, which could be advantageous if the company’s share price appreciates.
The proceeds from this offering are earmarked for general working capital purposes. This infusion of funds is expected to fortify Tisdale’s financial health, providing it with the necessary resources to efficiently manage its day-to-day operations and to pursue new opportunities for growth and expansion.
In line with customary practices for such transactions, Tisdale Clean Energy may also pay finders’ fees to eligible third parties who have played a role in introducing subscribers to the offering. These fees are a common feature in private placements and serve to incentivize the identification and engagement of potential investors.
It’s important to note that all securities issued in connection with this offering will be subject to a standard restriction on resale. This restriction, lasting four months and one day, is in accordance with applicable securities laws and is designed to stabilize the market for the newly issued securities.
The completion of this offering is subject to receiving the necessary regulatory approvals, a standard procedure in such financial activities, ensuring compliance with financial regulations and safeguarding investor interests.
For more information about this significant financial move by Tisdale Clean Energy Corp., interested parties are encouraged to contact Alex Klenman, the Chief Executive Officer, at info@tisdalecleanenergy.com or call 604.970.4330.
This offering marks a pivotal moment for Tisdale Clean Energy Corp., as it seeks to strengthen its financial base and continue its mission in the clean energy sector. The company’s decision to raise funds through a private placement highlights its proactive approach to capital management and its commitment to sustainable growth.
