Global Education Communities Corp. Reports First Tranche Closing of Non-Brokered Private Placement
Global Education Communities Corp (GECC) has closed the first tranche of its non-brokered private placement, initially announced on August 27, 2024. The company has raised gross proceeds of $1,405,000 through the issuance of convertible debentures. These debentures, along with any common shares issued upon their conversion, are subject to a hold period ending January 4, 2025. The financing is still pending final approval from the Toronto Stock Exchange. GECC, traded as GEC on TSX and GECSF on OTCQX International, aims to strengthen its financial position through this private placement.
Global Education Communities Corp (GECC) ha chiuso la prima tranche del suo collocamento privato non intermediato, annunciato inizialmente il 27 agosto 2024. L'azienda ha raccolto proventi lordi pari a $1.405.000 tramite l'emissione di obbligazioni convertibili. Queste obbligazioni, insieme a qualsiasi azione ordinaria emessa al momento della loro conversione, sono soggette a un periodo di blocco che termina il 4 gennaio 2025. Il finanziamento è ancora in attesa di approvazione finale dalla Borsa di Toronto. GECC, scambiata come GEC su TSX e GECSF su OTCQX International, punta a rafforzare la propria posizione finanziaria attraverso questo collocamento privato.
Global Education Communities Corp (GECC) ha cerrado la primera tranche de su colocación privada no intermediada, anunciada inicialmente el 27 de agosto de 2024. La empresa ha recaudado ingresos brutos de $1,405,000 mediante la emisión de debentures convertibles. Estos debentures, junto con las acciones ordinarias emitidas al convertirlos, están sujetos a un período de restricción que finaliza el 4 de enero de 2025. El financiamiento aún está a la espera de aprobación final por parte de la Bolsa de Valores de Toronto. GECC, que cotiza como GEC en TSX y GECSF en OTCQX International, tiene como objetivo fortalecer su posición financiera a través de esta colocación privada.
글로벌 교육 커뮤니티 주식회사(GECC)는 2024년 8월 27일에 처음 발표된 비중개 개인 배치의 첫 번째 트랜치를 마감했습니다. 이 회사는 전환 사채 발행을 통해 1,405,000달러의 총 수익을 올렸습니다. 이 사채와 전환 시 발행되는 일반 주식은 2025년 1월 4일 종료되는 보유 기간의 적용을 받습니다. 자금 조달은 여전히 토론토 증권 거래소의 최종 승인을 기다리고 있습니다. GECC는 TSX에서 GEC로, OTCQX International에서 GECSF로 거래되며, 이 개인 배치를 통해 재무 상태를 강화하는 것을 목표로 하고 있습니다.
Global Education Communities Corp (GECC) a clôturé la première tranche de son placement privé sans intermédiaire, initialement annoncé le 27 août 2024. La société a levé des produits bruts de 1 405 000 $ par l'émission d'obligations convertibles. Ces obligations, ainsi que toutes les actions ordinaires émises lors de leur conversion, sont soumises à une période de blocage se terminant le 4 janvier 2025. Le financement est toujours en attente de l'approbation finale de la Bourse de Toronto. GECC, négociée sous le symbole GEC sur la TSX et GECSF sur l'OTCQX International, vise à renforcer sa position financière grâce à ce placement privé.
Global Education Communities Corp (GECC) hat die erste Tranche ihrer nicht vermittelten Privatplatzierung, die ursprünglich am 27. August 2024 angekündigt wurde, abgeschlossen. Das Unternehmen hat einschließlich Bruttoerlöse von 1.405.000 USD durch die Ausgabe von wandelbaren Anleihen gesammelt. Diese Anleihen sowie alle beim Umtausch ausgegebenen Stammaktien unterliegen einer Haltefrist, die am 4. Januar 2025 endet. Die Finanzierung steht noch aus auf die endgültige Genehmigung durch die Toronto Stock Exchange. GECC, die als GEC an der TSX und als GECSF an der OTCQX International gehandelt wird, zielt darauf ab, ihre finanzielle Position durch diese Privatplatzierung zu stärken.
- Raised $1,405,000 in gross proceeds through convertible debentures
- Successfully closed first tranche of non-brokered private placement
- Financing still subject to final approval from Toronto Stock Exchange
- Potential dilution for existing shareholders upon conversion of debentures
VANCOUVER, BC / ACCESSWIRE / September 3, 2024 / Global Education Communities Corp ("GECC" or the "Company") (TSX:GEC)(OTCQX International:GECSF) is pleased to report that it has closed the first tranche of the non-brokered private placement announced on August 27, 2024 (the "Financing"), raising gross proceeds of
About GECC:
GECC is one of Canada's largest education and student housing investment companies focused on the domestic and global education market since 1994. GECC operates business and language colleges, student-centric rental apartments, recruitment centres and corporate offices at 40 locations in Canada and abroad. Its education subsidiaries include Sprott Shaw College Corp. (established in 1903), Sprott Shaw Language College, Vancouver International College, and CIBT School of Business & Technology Corp. GECC offers over 150 educational programs in healthcare, business management, e-commerce, cyber-security, hotel management, emergency paramedic, and language training through these schools. In fiscal 2023, GECC serviced over 14,277 domestic and international students through its educational, rental housing and recruitment subsidiaries.
GECC owns Global Education City Holdings Inc. ("GECH"), an investment holding and development company focused on education-related real estate, such as student-centric rental apartments and education super-centres. In fiscal 2023, GECH held ten projects comprising 15 buildings in different stages of development and operations under the GEC® brand in Metro Vancouver and provided accommodation services to 92 partner schools serving 3,200 students from 71 countries. The total portfolio and development budget under the GEC® brand exceeds
GECC also owns Global Education Alliance Inc. ("GEA") and Irix Design Group Inc. ("IRIX"). GEA recruits international students for elite kindergartens, primary and secondary schools, colleges and universities in North America. Irix is a leading design and advertising company based in Vancouver, Canada. Visit us online and watch our corporate video at www.GEChq.com.
For more information, contact:
Toby Chu
Chairman, President & CEO
Global Education Communities Corp.
Investor Relations Contact: 1-604-871-9909 extension 319 or | Email: info@GEChq.com
SOURCE: Global Education Communities Corp.
View the original press release on accesswire.com
FAQ
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