Scryb (TSE:SCYB) has released an update.
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Scryb Inc. has successfully completed a non-brokered private placement, raising $846,870 through the issuance of over 33 million units at $0.025 each, which include common shares and warrants exercisable at $0.05. The capital raised is earmarked for working capital and general corporate purposes. The transaction involved payments to finders and constituted a ‘related party transaction’, with an insider purchasing 3 million units, but stayed within the exemption limits of MI 61-101.
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