BEACN Wizardry & Magic Announces $700,000 Private Placement

BEACN Wizardry & Magic Inc., based in Vancouver, is set to initiate a non-brokered private placement, aiming to raise up to $700,000. The funds will stem from the issuance of approximately 6 million common shares at C$0.115 each. This capital will support sales efforts and product development amidst a challenging economic landscape marked by global trade volatility and increased US tariffs.

Kevin Alexander, CEO, expressed optimism, highlighting the company's ongoing commitment to product innovation and marketing strategies. The raised funds will bolster BEACN’s efforts in B2B and B2C sales, strategic inventory acquisitions, R&D, and general working capital.

The offering, exempt from certain valuation requirements, awaits regulatory approvals, including the TSX Venture Exchange. It may close in multiple phases and is not intended for US markets, as securities are not registered under the United States Securities Act of 1933.