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sur 1933 Industries Inc. (NASDAQ:TGIFF)

1933 Industries Announces Non-Brokered Private Placement

Vancouver-based 1933 Industries Inc. revealed plans for a non-brokered private placement financing aimed at raising up to $1.8 million. The initiative involves issuing 120,000,000 units at $0.015 per unit. Each unit comprises one common share and one share purchase warrant, allowing the purchase of an additional share at $0.05 for five years.

The offering document, accessible on the company's website and SEDAR, details the intended use of the proceeds, which include capital improvements and covering administrative costs. This financing targets Canadian investors under the exemption set by NI 45-106, free from resale restrictions.

The private placement is set to close by July 22, 2024, contingent on regulatory approvals. Paul Rosen, Chairman and CEO, highlighted the company's strategic plans, including potential mergers and asset sales, anticipating cannabis rescheduling. Recently, Headset business intelligence recognized the company's AMA brand for its market leadership in Nevada.

Additionally, the company announced the end of General Counsel and Vice President Caleb Zobrist’s tenure, acknowledging his contributions.

R. E.

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