Nextech3D.AI closes first tranche of private placement

Nextech3D.AI (CSE:NTAR, OTCQX:NEXCF) closed the first tranche of its private placement, issuing 5,167,000 units at $0.12 per unit, raising $620,040. Each unit comprises one common share and one warrant, exercisable at $0.17 for 36 months. 1,667,000 units were issued under the Listed Issuer Financing Exemption, without resale restrictions, while the rest are under a hold period until March 11, 2024. Net proceeds will fund working capital and general purposes. The company paid a finders fee of $16,003 and issued 133,360 broker warrants, allowing acquisition of one share at $0.12 for 36 months.