Quizam Media announces $150,000 non-brokered private placement
What's the deal? Quizam MediaDealroom has a profile for this one. Try Dealroom → Corporation, a Vancouver-based company trading on the Canadian Securities Exchange (CSE), announced a $150,000 non-brokered private placement on May 28. The deal consists of 3,000,000 units priced at $0.05 each, with every unit including one common share and a full share purchase warrant exercisable at $0.15 over 24 months.
CEO Russ Rossi will personally subscribe to 1,000,000 of the units — one-third of the total offering. No bonuses, finders' fees, commissions, or options are being paid in connection with the placement.
The company said it will use the capital raised as general working capital.
Why now? Quizam operates across several sectors — entertainment, online learning, and cannabis retail through its Quantum1 dispensary chain in British Columbia. Small-cap companies like Quizam often turn to private placements when they need a quick capital injection without the cost and complexity of a brokered offering.
What could go wrong? At $150,000, this is a very small raise, which limits how far the funds can stretch across multiple business lines. The warrant exercise price of $0.15 — three times the unit price — sets an ambitious target for a micro-cap stock. If shares don't appreciate meaningfully, those warrants expire worthless and the company misses out on additional capital.
The heavy insider participation could cut both ways: it signals confidence from the CEO, but it also concentrates ownership further in a company with limited public float.
The signal: The Dealroom data available offers no direct profile for Quizam or its investors, underscoring just how far below the radar this company sits. In a CSE micro-cap landscape where sub-$500,000 private placements are routine survival mechanisms, CEO-led insider rounds at a nickel per unit speak more to capital preservation than strategic ambition.
Read more: Stockwatch
