Cloud3 Ventures closes upsized C$350K placement after twice raising its target
What's the deal? Cloud3 VenturesDealroom has a profile for this one. Try Dealroom → (CSE: CLDV) has closed a non-brokered private placement for gross proceeds of C$349,999.98, issuing 5,833,333 subordinate voting shares at C$0.06 each. The Toronto-based investment issuer said the offering was fully subscribed.
Why now? The raise landed after Cloud3 twice enlarged its target in quick succession. The company first announced the offering on June 2, 2026 for up to C$150,000, upsized it to C$300,000 on June 11, then to C$350,000 on July 2 — before closing on July 10.
What's the endgame? Cloud3 describes itself as an investment issuer that backs "high-potential companies" across various sectors. It plans to use net proceeds for general working capital and corporate purposes, and to identify and assess potential investment opportunities.
The fine print: No insiders participated, and no finder's fees or commissions were paid. The shares carry a four-month statutory hold period expiring November 11, 2026.
The signal: Doubling a small placement target in five weeks points to firmer investor appetite than Cloud3 initially planned for — a quick re-raise that gives the microcap issuer fresh capital to hunt for deals.
Read more: Stockwatch
Image credit: paul bica
