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Three Sixty Solar announced the closing of the first tranche of a private placement offering Units at $0.15 per Unit. Each Unit includes a common share and a Share purchase warrant, with up to 3,333,334 Units being sold for gross proceeds of approximately $500,000. The Company plans to use the proceeds for an investor awareness campaign, liabilities payment, and general working capital. The securities offered are not registered under the U.S. Securities Act of 1933. The Private Placement is awaiting final approval from the Cboe Canada Inc. stock exchange.
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