ShelfieTech Ltd. Initiates $2 Million Private Placement

Vancouver-based ShelfieTech Ltd. has announced a non-brokered private placement initiative to raise up to $2 million. The placement involves issuing 2 million common shares at a price of USD $1.00 each. Finders' fees of up to 8% will apply for eligible facilitators introducing subscribers to the company.

The capital raised will support various corporate objectives, including research and development, acquisitions, and increasing working capital. The closing of this offering depends on necessary regulatory approvals and is not subject to a minimum subscription.

This move forms part of ShelfieTech's broader strategy to enhance its technological solutions for inventory management in the retail sector, focusing on large grocery and supermarket chains.