Codebase Ventures Inc. Closes Non-Brokered Private Placement

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Dec 21, 2020
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VANCOUVER, BC / ACCESSWIRE / December 21, 2020 / Codebase Ventures Inc. ("Codebase" or the "Company") (CSE:CODE)(FSE:C5B)(OTCQB:BKLLF) announces it has completed the final tranche of its non-brokered private placement (the "Financing"). In the first tranche the Company raised proceeds of $687,000 through the sale of 13,740,000 Units. The second and final tranche the Company raised proceeds of $666,965 through the sale of 13,339,300 Units. The Company paid finders fees to qualified finders of $18,000 and issued 160,000 broker warrants in the first tranche, and paid finders fees of $49,717.20 and issued 994,344 broker warrants on the final tranche, which are on the same terms as the warrants forming part of the units. Securities issued as a result of closing of this final tranche will be subject to a statutory hold period until April 22, 2021. The Company raised a total of $1,353,965.