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Scope Technologies Corp Closes First Tranche of Private Placement Financing

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Scope Technologies Corp (CSE: SCPE, OTCQB: SCPCF) has completed the first tranche of its previously announced $1.5 million non-brokered private placement. The company issued 2 million shares at $0.50 per share, raising $1 million in the first tranche.

The shares will be restricted from resale until August 1, 2025. No finder's fees were paid for this tranche. The proceeds will be allocated to repaying a $1 million loan from First Majestic Silver Corp, with remaining funds directed towards accelerating the development of the company's QSE mobile application.

Scope Technologies Corp (CSE: SCPE, OTCQB: SCPCF) ha completato la prima tranche del suo collocamento privato non mediato da broker da 1,5 milioni di dollari precedentemente annunciato. L'azienda ha emesso 2 milioni di azioni a 0,50 dollari per azione, raccogliendo 1 milione di dollari nella prima tranche.

Le azioni saranno soggette a restrizioni di rivendita fino al 1 agosto 2025. Non sono state pagate commissioni per questa tranche. I proventi saranno destinati a rimborsare un prestito di 1 milione di dollari da First Majestic Silver Corp, mentre i fondi rimanenti saranno utilizzati per accelerare lo sviluppo dell'applicazione mobile QSE dell'azienda.

Scope Technologies Corp (CSE: SCPE, OTCQB: SCPCF) ha completado la primera tranche de su colocación privada no mediada por corredores de 1,5 millones de dólares previamente anunciada. La empresa emitió 2 millones de acciones a 0,50 dólares por acción, recaudando 1 millón de dólares en la primera tranche.

Las acciones estarán restringidas para la reventa hasta el 1 de agosto de 2025. No se pagaron comisiones por esta tranche. Los ingresos se destinarán a pagar un préstamo de 1 millón de dólares de First Majestic Silver Corp, y los fondos restantes se dirigirán a acelerar el desarrollo de la aplicación móvil QSE de la empresa.

Scope Technologies Corp (CSE: SCPE, OTCQB: SCPCF)는 이전에 발표된 150만 달러 비중개 사모펀드의 첫 번째 분할을 완료했습니다. 회사는 200만 주를 주당 0.50 달러에 발행하여 첫 번째 분할에서 100만 달러를 모금했습니다.

주식은 2025년 8월 1일까지 재판매가 제한됩니다. 이번 분할에 대해 수수료는 지급되지 않았습니다. 수익금은 First Majestic Silver Corp로부터의 100만 달러 대출 상환에 사용되며, 나머지 자금은 회사의 QSE 모바일 애플리케이션 개발 가속화에 사용될 것입니다.

Scope Technologies Corp (CSE: SCPE, OTCQB: SCPCF) a terminé la première tranche de son placement privé non-intermédié de 1,5 million de dollars précédemment annoncé. La société a émis 2 millions d'actions à 0,50 dollar par action, levant 1 million de dollars lors de la première tranche.

Les actions seront interdites à la revente jusqu'au 1er août 2025. Aucune commission de recherche n'a été payée pour cette tranche. Les fonds seront affectés au remboursement d'un prêt de 1 million de dollars de First Majestic Silver Corp, les fonds restants étant destinés à accélérer le développement de l'application mobile QSE de la société.

Scope Technologies Corp (CSE: SCPE, OTCQB: SCPCF) hat die erste Tranche seiner zuvor angekündigten 1,5 Millionen Dollar nicht vermittelte Privatplatzierung abgeschlossen. Das Unternehmen hat 2 Millionen Aktien zu je 0,50 Dollar pro Aktie ausgegeben und dabei 1 Million Dollar in der ersten Tranche gesammelt.

Die Aktien werden bis zum 1. August 2025 vom Wiederverkauf ausgeschlossen. Für diese Tranche wurden keine Vermittlungsgebühren gezahlt. Die Erlöse werden verwendet, um ein 1 Million Dollar-Darlehen von First Majestic Silver Corp zurückzuzahlen, während die verbleibenden Mittel zur Beschleunigung der Entwicklung der QSE Mobile-Anwendung des Unternehmens verwendet werden.

Positive
  • Successfully raised $1 million through private placement
  • No finder's fees paid, reducing financing costs
  • Debt reduction through repayment of $1 million loan
Negative
  • Share dilution from issuance of 2 million new shares
  • Restricted share resale period until August 2025 may limit liquidity

VANCOUVER, BC, March 31, 2025 /PRNewswire/ -- Scope Technologies Corp. (CSE: SCPE) (OTCQB: SCPCF) (FSE: VN8) ("Scope Technologies" or the "Company") is pleased to announce that it has received the proceeds for the first tranche of its previously announced $1,500,000 non-brokered private placement financing (the "Offering") (see news release dated March 24, 2024).

Scope_Technologies_Corp_Logo

The Company issued 2,000,000 shares (the "Shares") at a price of $0.50 per Share for total proceeds of $1,000,000, for the first tranche of the Offering (the "First Tranche").

No finders' fees were payable under the First Tranche. The Shares under the First Tranche will be subject to restrictions on resale until August 1, 2025. The aggregate net proceeds of the Offering will be used to repay a $1,000,000 loan previously received from First Majestic Silver Corp. and the remaining funds will be used towards accelerating the development of the Company's QSE mobile application.

This news release does not constitute an offer to sell, or solicitation of an offer to buy, nor will there be any sale of any of the securities offered in any jurisdiction where such offer, solicitation or sale would be unlawful, including the United States of America. The securities being offered as part of the Offering 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 accordingly may not be offered or sold in the United States except in compliance with the registration requirements of the U.S. Securities Act and any applicable state securities laws, or pursuant to available exemptions therefrom.

For more information on how QSE's quantum security solutions can help healthcare providers comply with the proposed regulations, visit www.qse.group

About Scope Technologies Corp.

Headquartered in Vancouver, British Columbia, Scope Technologies Corp is a pioneering technology company specializing in quantum security and machine learning. Through its flagship brands, QSE Group and GEM AI, Scope provides next-generation solutions in data security, quantum encryption, and neural networks, empowering businesses with secure, scalable technologies that drive growth and operational efficiency.

LinkedIn: scope-technologies-corp
Facebook: Scope Technologies Corp
Twitter:  @ScopeTechCorp

Contact Information:

James Young
CEO, Scope Technologies Corp.
Email: james@scopetech.ai 
Phone: +1 604-416-1720
Website: www.scopetechnologies.io

Cautionary Note Regarding Forward-Looking Statements 

This news release contains forward-looking statements that constitute forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements in this news release that are not purely historical statements of fact are forward-looking statements and include statements regarding beliefs, plans, expectations, future, strategy, objectives, goals and targets, and more specifically, the use of proceeds of the Offering. Although the Company believes that such statements are reasonable and reflect expectations of future developments and other factors which management believes to be reasonable and relevant, the Company can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: "believes", "expects", "aim", "anticipates", "intends", "estimates", "plans", "may", "should", "would", "will", "potential", "scheduled" or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. Forward-looking statements involve known and unknown risks and are based on assumptions and analyses made by the Company in light of its experience and its perception of historical trends, current conditions and expected future developments, including, but not limited to, those risks and assumptions described in the Company's latest management discussion and analysis, a copy of which is available under the Company's profile on SEDAR at www.sedar.com. While Scope considers these assumptions to be reasonable, based on information currently available, they may prove to be incorrect. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date of this press release. In addition, forward-looking statements necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions, continued satisfaction of Canadian Securities Exchange requirements, product safety and recalls, regulatory compliance and risks associated with the Company's business. Forward-looking statements are made as of the date of this news release and, unless required by applicable law, the Company assumes no obligation to update the forward looking statements or to update the reasons why actual results could differ from those projected in these forward-looking statements. All forward-looking statements are qualified in their entirety by this cautionary statement.

The Canadian Securities Exchange has in no way passed upon the merits of the business of the Company and has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.

Logo: https://mma.prnewswire.com/media/2521783/5235791/Scope_Technologies_Corp_Logo.jpg

Cision View original content:https://www.prnewswire.com/news-releases/scope-technologies-corp-closes-first-tranche-of-private-placement-financing-302415249.html

SOURCE Scope Technologies Corp.

FAQ

How much did Scope Technologies (SCPCF) raise in the first tranche of its private placement?

Scope Technologies raised $1 million by issuing 2 million shares at $0.50 per share in the first tranche.

What is the total value of Scope Technologies' (SCPCF) private placement offering?

The total private placement offering is $1.5 million, with $1 million already raised in the first tranche.

How will Scope Technologies (SCPCF) use the proceeds from the private placement?

The proceeds will repay a $1 million loan from First Majestic Silver Corp and fund the development of the QSE mobile application.

When will the restriction period end for SCPCF shares issued in this private placement?

The shares issued in the first tranche will be restricted from resale until August 1, 2025.
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