Global Compliance Applications seeks to raise up to C$1.9M via 190M shares in a private placement for working capital.
Global Compliance Applications (FUAPF) announced a private placement of up to 190 million shares at $0.01 each, targeting gross proceeds of C$1.9 million. The funds will support general working capital needs as the company advances its objectives.
The transaction requires approval from the Canadian Securities Exchange and includes a four-month hold period on shares post-closing. Finder’s fees may apply, though specific terms were not disclosed.
No immediate market reaction was reported following the announcement.