Green Arrow closes C$781.5K private placement to fund a qualifying deal
What's the deal? Green Arrow ResourcesDealroom has a profile for this one. Try Dealroom →, listed on the TSX Venture Exchange under GAR.H, has closed a non-brokered private placement raising C$781,500 in gross proceeds. The company issued 15,630,000 common shares at C$0.05 each.
Where's the money going? Green Arrow will use C$481,500 to evaluate potential qualifying transactions, fund general working capital and cover corporate overhead. The remaining C$300,000 will go towards debt repayment.
The details: The company paid no finders' fees or commissions. The shares are subject to a four-month-and-one-day hold period expiring on 21 December 2026.
What it means: As a capital pool company on the NEX board, Green Arrow's next step is to find and complete a qualifying transaction that would turn it into an operating business. The private placement provides working capital for that process.
Read more: FinanzNachrichten.de
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