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Parent Capital ( ($TSE:PAR.H) ) has shared an announcement.
Parent Capital Corp. has successfully closed an upsized private placement, raising $758,060 through the issuance of 12,634,333 units at $0.06 per unit. The proceeds will be used to settle debts and for general corporate purposes, enhancing the company’s financial position. Additionally, the company plans to settle $61,960.02 of outstanding debt by issuing common shares, aiming to preserve cash and improve financial stability. The offering and debt settlement are subject to final regulatory approvals, with a four-month hold period on issued securities under Canadian laws.
More about Parent Capital
Parent Capital Corp. operates in the financial industry, focusing on capital management and investment services. The company is listed on the TSX Venture Exchange under the symbol PAR.H.
Average Trading Volume: 34,917
Technical Sentiment Signal: Hold
Current Market Cap: C$1.24M
See more data about PAR.H stock on TipRanks’ Stock Analysis page.