Carbeeza Inc. Completes $1.25 Million Private Placement

Calgary-based Carbeeza Inc. has announced the closing of its non-brokered private placement, securing gross proceeds of $1.25 million. The company issued 25 million units, each priced at $0.05. Each unit comprises one common share and one share purchase warrant, allowing the holder to buy an additional share at $0.15 within 24 months. The issued securities bear a four-month and one-day hold period.

No finder's fees were paid, and the transaction awaits final TSX Venture Exchange approval. Insiders participated, accounting for 12% of the offering, under Multilateral Instrument 61-101, which exempts the issuance from certain requirements.

Proceeds will be used for working capital and corporate purposes. Carbeeza leverages AI for consumer auto financing solutions, prioritizing user privacy.