Nextech3D.AI (CSE:NTAR, OTCQX:NEXCF) told investors it proposes to complete a private placement of up to 30 million units at $0.12 each to raise aggregate gross proceeds of up to $3.6 million.
Each unit will comprise one common share and one common share purchase warrant, with each warrant exercisable to acquire one additional share for $0.17 for 36 months from the date of issuance.
An aggregate of up to 19.5 million units will be issued under National Instrument 45-106 per Part 5A to purchasers resident in Canada, except Québec, and other jurisdictions outside of Canada.