Humble & Fume To Secure $1.5M Via Private Placement
Portfolio Pulse from Vuk Zdinjak
Humble & Fume Inc. plans to complete a non-brokered private placement of approximately 2,000 convertible debenture units, raising around $1.5 million. The proceeds will be used for general working capital, and the offering is expected to close on or around June 9, 2023.
June 02, 2023 | 2:43 pm
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Humble & Fume's private placement of convertible debenture units aims to raise $1.5 million for general working capital.
The private placement will provide Humble & Fume with additional working capital, which could help the company in its operations. However, the short-term impact on the stock price is uncertain, as the market may have already priced in this information.
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