- CoTec Holdings Corp. (CTHCF, Financial) moves forward with a dual offering to raise up to $10 million.
- The LIFE and Concurrent Offerings are contingent, aiming to close by June 15, 2025.
- Concurrent Offering shares will be subject to a four-month hold period under Canadian securities laws.
CoTec Holdings Corp. (CTHCF) has announced the filing of an amended offering document in connection with its planned financing, consisting of a Listed Issuer Financing Exemption (LIFE) Offering and a Concurrent Offering. Each segment aims to secure up to $5 million by offering 6,410,256 units at $0.78 per unit.
The completion of the LIFE Offering is contingent upon the successful simultaneous completion of the Concurrent Offering, with a minimum issuance of 6,410,257 units for total gross proceeds of at least $5 million. Both offerings are projected to close around June 15, 2025, pending necessary regulatory approvals, including the green light from the TSX Venture Exchange.
Units from the Concurrent Offering will carry a four-month and one-day hold period in compliance with Canadian securities regulations. Potential investors are encouraged to review the amended and restated offering document available on the company's website and on SEDAR+.
CoTec aims to revolutionize the global mineral extraction industry with environmentally sustainable technologies, positioning itself as a leading disruptor with its strategic investment approach.
