other material
confidence high
sentiment neutral
materiality 0.70
Jones Soda closes $1.735M private placement, announces additional $765K offering
JONES SODA CO.
- Closed first tranche: $1.735M gross proceeds from 5.26M units at $0.33/unit.
- Each unit: one common share + half warrant; whole warrant exercisable at $0.45 for 36 months.
- Second tranche announced for up to $765,000 (2.32M units) to bring total to $2.5M.
- Finder Revere Securities received 8% cash fee and 8% warrants on first tranche.
- Proceeds to be used for growth and general corporate purposes.