Asiatel raises C$1M in non-brokered private placement
What's the deal? Asiatel has raised C$1 million (about $706,972) through a non-brokered private placement, the company confirmed in July 2026. The offering covered five million listed shares priced at 20 cents each, paired with five million warrants.
The terms: Each warrant lets holders buy one listed share at 30 cents until December 30, 2027, subject to an acceleration right. No commissions were paid in securities.
Why now? The placement caps a run of related disclosures stretching back nearly a year, with company news releases dated July 18, 2025, September 22, 2025, February 17, 2026, May 22, 2026, and July 2, 2026.
The signal: Non-brokered private placements remain a common route for small-cap listed companies to raise capital without underwriting fees. The warrant sweetener — and its acceleration clause — gives Asiatel a path to further funds should its shares climb past the 30-cent exercise price.
Read more: Stockwatch
Image credit: Ken Lund
