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Invictus Financial ( ($TSE:MPTH.H) ) has issued an update.
Mapath Capital Corp., a company listed on the NEX board of the TSX Venture Exchange, has announced a non-brokered private placement to issue up to 20 million common shares at $0.05 per share, aiming to raise up to CDN $1 million. The proceeds will be used for working capital and debt repayment. Additionally, Mapath has negotiated a shares-for-debt transaction to settle $28,400 of non-cash payables with two creditors. The securities issued will be subject to a regulatory hold period, and two insiders are expected to participate in the offering.
More about Invictus Financial
Average Trading Volume: 1,878
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$391.9K
For a thorough assessment of MPTH.H stock, go to TipRanks’ Stock Analysis page.