Pathfinder Extends Closing and Upsizes Private Placement to $2,000,000
Pathfinder Ventures (TSXV:RV) has extended the closing date for the second tranche of its non-brokered private placement and upsized the total offering to 20,000,000 units at $0.10 per unit for gross proceeds of up to $2,000,000. The company has already issued 7,000,000 units ($700,000) on September 13, 2024, and intends to extend the offering for the remaining 13,000,000 units for up to 30 days.
Each unit comprises one post-consolidation common share and one-half of a non-transferable purchase warrant. A whole warrant allows the holder to purchase a common share at $0.20 for 36 months, subject to accelerated expiry. The net proceeds will fund upgrades and expansion at RV resorts, advance acquisition opportunities, and provide working capital. The private placement completion is subject to TSX Venture Exchange approval.
Pathfinder Ventures (TSXV:RV) ha esteso la data di chiusura per la seconda tranche della sua offerta privata non intermediata e ha aumentato l'offerta totale a 20.000.000 unità a $0,10 per unità per proventi lordi fino a $2.000.000. L'azienda ha già emesso 7.000.000 unità ($700.000) il 13 settembre 2024 e intende estendere l'offerta per le restanti 13.000.000 unità per un massimo di 30 giorni.
Ogni unità comprende una azione comune post-consolidamento e una metà di un warrant di acquisto non trasferibile. Un warrant intero consente al detentore di acquistare un'azione comune a $0,20 per 36 mesi, soggetto a scadenza accelerata. I proventi netti finanzieranno miglioramenti ed espansione nei resort RV, opportunità di acquisizione e forniranno capitale operativo. Il completamento dell'offerta privata è soggetto all'approvazione della TSX Venture Exchange.
Pathfinder Ventures (TSXV:RV) ha extendido la fecha de cierre para la segunda tranche de su colocación privada no intermediada y ha aumentado la oferta total a 20.000.000 unidades a $0,10 por unidad con ingresos brutos de hasta $2.000.000. La compañía ya ha emitido 7.000.000 unidades ($700.000) el 13 de septiembre de 2024, y tiene la intención de extender la oferta por las restantes 13.000.000 unidades por hasta 30 días.
Cada unidad consta de una acción ordinaria después de la consolidación y la mitad de un warrant de compra no transferible. Un warrant completo permite al titular comprar una acción ordinaria a $0,20 durante 36 meses, sujeta a caducidad acelerada. Los ingresos netos se destinarán a mejoras y expansión en los resorts RV, oportunidades de adquisición y proporcionarán capital de trabajo. La finalización de la colocación privada está sujeta a la aprobación de la TSX Venture Exchange.
Pathfinder Ventures (TSXV:RV)는 비중개 사모펀드의 두 번째 분할 마감 날짜를 연장하고 총 공급량을 20,000,000 단위, 단위당 $0.10로 늘려서 총 $2,000,000의 매출 수익을 목표로 하고 있습니다. 회사는 이미 2024년 9월 13일에 7,000,000 단위($700,000)를 발행하였고, 남은 13,000,000 단위에 대한 공급을 최대 30일 연장할 계획입니다.
각 단위는 하나의 통합 후 보통주와 비양도 가능한 구매워런트의 절반으로 구성됩니다. 전체 워런트는 보유자가 36개월 동안 $0.20에 보통주를 구매할 수 있게 해주며, 조기 만료가 적용될 수 있습니다. 순수익은 RV 리조트의 업그레이드 및 확장, 인수 기회 선도 및 운영 자본을 제공하는 데 사용됩니다. 사모펀드 완료는 TSX 벤처 거래소의 승인을 받아야 합니다.
Pathfinder Ventures (TSXV:RV) a prolongé la date de clôture pour la deuxième tranche de son placement privé non intermédié et a augmenté l'offre totale à 20 000 000 d'unités à 0,10 $ par unité pour des produits bruts allant jusqu'à 2 000 000 $. La société a déjà émis 7 000 000 d'unités (700 000 $) le 13 septembre 2024 et entend prolonger l'offre pour les 13 000 000 d'unités restantes pendant jusqu'à 30 jours.
Chaque unité se compose d'une action ordinaire après consolidation et d'une moitié d'un bon de souscription non transférable. Un bon entier permet à son détenteur d'acheter une action ordinaire à 0,20 $ pendant 36 mois, sous réserve d'une expiration accélérée. Les produits nets financeront les améliorations et l'expansion des complexes RV, ainsi que des opportunités d'acquisition et fourniront des fonds de roulement. La clôture du placement privé est soumise à l'approbation de la TSX Venture Exchange.
Pathfinder Ventures (TSXV:RV) hat das Abschlussdatum für die zweite Tranche seiner nicht vermittelten Privatplatzierung verlängert und das Gesamtangebot auf 20.000.000 Einheiten zu $0,10 pro Einheit mit einem Bruttoertrag von bis zu $2.000.000 erhöht. Das Unternehmen hat bereits am 13. September 2024 7.000.000 Einheiten ($700.000) ausgegeben und beabsichtigt, das Angebot um die verbleibenden 13.000.000 Einheiten um bis zu 30 Tage zu verlängern.
Jede Einheit besteht aus einer nach der Konsolidierung ausgegebenen Stammaktie und der Hälfte eines nicht übertragbaren Kaufwarrants. Ein vollständiger Warrant ermöglicht es dem Inhaber, eine Stammaktie für $0,20 über einen Zeitraum von 36 Monaten zu erwerben, vorbehaltlich einer beschleunigten Fälligkeit. Die Nettomittel sollen für Upgrades und Erweiterungen bei RV-Resorts, zur Förderung von Akquisitionsmöglichkeiten und zur Bereitstellung von Betriebskapital verwendet werden. Der Abschluss der Privatplatzierung unterliegt der Genehmigung der TSX Venture Exchange.
- Upsized private placement to $2,000,000, potentially increasing available capital
- Successfully issued 7,000,000 units ($700,000) in the first tranche
- Proceeds to be used for RV resort upgrades, expansion, and acquisition opportunities
- Completion of the private placement still subject to TSX Venture Exchange approval
- Potential dilution for existing shareholders due to issuance of new shares
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
VANCOUVER, BC / ACCESSWIRE / October 15, 2024 / Pathfinder Ventures Ltd. (TSXV:RV) ("Pathfinder" or the "Company") is pleased to announce that, further to its news releases of July 8 and September 13, 2024, it has extended the closing date for the second tranche of its non-brokered private placement first announced July 8, 2024 and has upsized the total offering to 20,000,000 units ("Units") at a price of
Each Unit is comprised of one post-consolidation common share (a "Share") of the Company and one-half of a non-transferable purchase warrant, with a whole warrant ("Warrant") entitling the holder to purchase a common share at a price of
The Issuer intends to use the net proceeds to fund and advance upgrades and expansion at its RV resorts, to advance acquisition opportunities within its pipeline, and for general working capital. All securities issued will be subject to a four month hold period.
Completion of the Private Placement remains subject to the approval of the TSX Venture Exchange.
About Pathfinder Ventures
Pathfinder Ventures Inc. is a leading provider of premium RV camping experiences, committed to delivering exceptional hospitality and modern amenities to outdoor enthusiasts. With a portfolio of strategically located resorts, Pathfinder offers unparalleled opportunities for memorable RV vacations.
To learn more about Pathfinder Camp Resorts, click the link below:
On behalf of the board of directors of the Company:
Joe Bleackley
Chief Executive Officer, Founder and Director
Pathfinder Ventures Inc.
Company Contact:
Joe Bleackley
Chief Executive Officer, Founder and Director
Phone: (604) 914 2575
Email: ir@PathfinderVentures.ca
Website: PathfinderVentures.ca|| PathfinderCampResorts.com
Cautions
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
This news release may include certain "forward-looking statements" which are not comprised of historical facts. Forward-looking statements include statements and estimates that describe the Company's future plans, objectives or goals, including words to the effect that the Company or its management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "will", "may", "should", "could", "would", "plans", "estimates", "anticipates", "expects", "believes" and other similar expressions. All statements other than statements of historical fact are forward-looking statements. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that such statements will ultimately prove to be accurate and that actual results and future events will meet management's expectations. Risks, uncertainties and other factors involved with forward-looking statements could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this news release may include, but is not limited to, the Company's objectives, goals or future plans, including funding and refinancing. Factors that could cause actual results to differ materially from such forward-looking statements include, but are not limited to, the ability of the Company to successfully implement its development strategy and whether this will yield the expected benefits; competitive factors in RV's industry sector; the success or failure of product development programs; currently existing applicable laws and regulations or future applicable laws and regulations that may affect the Company' s business; decisions of regulatory authorities and the timing thereof; Covid-19 related risks, availability of properties for acquisition and/or development; the economic circumstances surrounding the Company's business, including general economic conditions in Canada, the US and worldwide; changes in exchange rates; changes in the equity market; inflation; uncertainties relating to the availability and costs of financing needed in the future; and those other risks disclosed in the filing statement and other disclosure document prepared and supplied on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking statements in this news release are reasonable, undue reliance should not be placed on such information. Any forward-looking statement is made as of the date of this news release, and no assurance can be given that any such conditions or events will occur in the indicated time frames, as expected or at all. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, other than as required by law.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
SOURCE: Pathfinder Ventures Inc.
View the original press release on accesswire.com
FAQ
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