other material
confidence high
sentiment neutral
materiality 0.55
CurrencyWorks completes $250k financing led by management and SEGUS Holdings
WASTE ENERGY CORP.
- Gross proceeds of $250k: $50k from insider private placement (directors/officers) and $200k from registered direct offering to SEGUS Holdings.
- Registered direct offering: 1,221,001 units at $0.1638; each unit is one share and one warrant (exercise $0.2048, 2-year term).
- Debt settlement of $100k via issuance of 488,281 shares at $0.2048 per share to one creditor.
- Insiders participating: Jimmy Geiskopf, Cameron Chell, Swapan Kakumanu (directors/executive officers).
- Proceeds will be used for general corporate and working capital purposes.