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The latest announcement is out from Critical Infrastructure Technologies Ltd. ( (TSE:CTTT) ).
Critical Infrastructure Technologies Ltd. announced the closing of a non-brokered private placement financing, raising C$500,000 through the issuance of 10,000,000 units. Each unit includes a common share and a warrant, with the proceeds intended for general working capital. The company also settled a debt of $500,000 by issuing 10,000,000 units to management and a creditor. These actions are part of CiTech’s efforts to strengthen its financial position and support its ongoing commercialization of new products.
More about Critical Infrastructure Technologies Ltd.
Critical Infrastructure Technologies Ltd., listed on the CSE and based in Perth, Western Australia, specializes in creating autonomous, high-capacity, rapidly deployable technology solutions. The company targets the mining, emergency services, and defense sectors with its first product, the Nexus 16, which provides critical mobile telecommunications. CiTech’s self-deploying platform addresses limitations in current communication solutions and supports various technology payloads.
Average Trading Volume: 178,677
Technical Sentiment Signal: Hold
Current Market Cap: C$8.02M
Find detailed analytics on CTTT stock on TipRanks’ Stock Analysis page.