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The BC Bud (BCBCF) has successfully closed the initial tranche of its non-brokered private placement, raising $631,300 through the sale of 8,417,332 units at $0.075 per unit. Each unit includes one common share and one share purchase warrant, with warrants exercisable at $0.15 per share for 24 months.
No finder’s fees were paid, and all securities are subject to a hold period until May 18, 2025. The proceeds will support business development and working capital. Additionally, the company has engaged Hillside Consulting & Media for a two-month marketing services agreement at $25,000 CAD monthly for various digital marketing and content creation services.
BC Bud (BCBCF) ha concluso con successo la prima tranche del suo collocamento privato non mediato, raccogliendo $631.300 attraverso la vendita di 8.417.332 unità a $0,075 per unità. Ogni unità comprende un’azione comune e un warrant per l’acquisto di azioni, con warrants esercitabili a $0,15 per azione per un periodo di 24 mesi.
Nessuna commissione per intermediari è stata pagata, e tutti i titoli sono soggetti a un periodo di blocco fino al 18 maggio 2025. I proventi supporteranno lo sviluppo aziendale e il capitale circolante. Inoltre, l’azienda ha incaricato Hillside Consulting & Media per un accordo di servizi di marketing di due mesi a $25.000 CAD mensili per vari servizi di marketing digitale e creazione di contenuti.
BC Bud (BCBCF) ha cerrado con éxito la primera tranche de su colocación privada no mediada, recaudando $631,300 mediante la venta de 8,417,332 unidades a $0.075 por unidad. Cada unidad incluye una acción común y un warrant de compra de acciones, siendo los warrants ejercitables a $0.15 por acción durante un período de 24 meses.
No se pagaron honorarios de intermediarios y todos los valores están sujetos a un período de retención hasta el 18 de mayo de 2025. Los ingresos se destinarán al desarrollo empresarial y al capital de trabajo. Además, la empresa ha contratado a Hillside Consulting & Media para un acuerdo de servicios de marketing de dos meses a $25,000 CAD mensuales para diversos servicios de marketing digital y creación de contenido.
BC Bud (BCBCF)는 중개인 없이 비공식 사모 배치의 첫 번째 분할을 성공적으로 마감하며, $631,300을 모금했습니다. 이는 8,417,332개 유닛을 유닛당 $0.075에 판매한 결과입니다. 각 유닛에는 하나의 보통주와 하나의 주식 매수권이 포함되어 있으며, 매수권은 주당 $0.15에 24개월 동안 행사할 수 있습니다.
중개 수수료는 지급되지 않았으며, 모든 증권은 2025년 5월 18일까지 보유 기간을 받습니다. 수익금은 사업 개발 및 운영 자본을 지원하는 데 사용될 것입니다. 또한, 회사는 디지털 마케팅 및 콘텐츠 제작 서비스를 위한 두 달 간의 마케팅 서비스 계약을 위해 $25,000 CAD 매월의 비용으로 Hillside Consulting & Media를 고용했습니다.
BC Bud (BCBCF) a réussi à conclure la première tranche de sa placement privé sans intermédiaire, levant $631,300 grâce à la vente de 8,417,332 unités à 0,075 $ par unité. Chaque unité comprend une action ordinaire et un bon de souscription d’actions, les bons pouvant être exercés à 0,15 $ par action pendant 24 mois.
Aucun frais de courtage n’a été payé, et tous les titres sont soumis à une période de conservation jusqu’au 18 mai 2025. Les fonds recueillis soutiendront le développement des affaires et le fonds de roulement. De plus, la société a engagé Hillside Consulting & Media pour un contrat de services marketing de deux mois à 25 000 $ CAD par mois pour divers services de marketing numérique et de création de contenu.
BC Bud (BCBCF) hat erfolgreich die erste Tranche seiner nicht vermittelten Privatplatzierung abgeschlossen und $631.300 durch den Verkauf von 8.417.332 Einheiten zu je $0,075 pro Einheit gesammelt. Jede Einheit besteht aus einer Stammaktie und einem Bezugsrecht für Aktien, wobei die Bezugsrechte für $0,15 pro Aktie über einen Zeitraum von 24 Monaten ausgeübt werden können.
Es wurden keine Findergebühren gezahlt, und alle Wertpapiere unterliegen einer Haltedauer bis zum 18. Mai 2025. Die Erlöse werden die Geschäftsentwicklung und das Betriebskapital unterstützen. Darüber hinaus hat das Unternehmen Hillside Consulting & Media für einen zweimonatigen Marketingdienstleistungsvertrag für $25.000 CAD monatlich für verschiedene digitale Marketing- und Inhaltserstellungsdienste beauftragt.
Positive
- Raised $631,300 in fresh capital through private placement
- No finder’s fees paid, maximizing capital efficiency
Negative
- Significant dilution with 8,417,332 new units issued
- Additional potential dilution from warrant exercise
- Monthly marketing expense of $25,000 adds to operational costs
Vancouver, British Columbia–(Newsfile Corp. – January 17, 2025) – The BC Bud Corporation (CSE: BCBC) (OTC Pink: BCBCF) (FSE: W04) (“The BC Bud Co” or the “Company”), announces that it has closed an initial tranche of its previously announced (see news release dated January 9, 2025) non-brokered private placement (the “Placement”).
Gross proceeds of $631,300 were raised through the sale of 8,417,332 units at a price of $0.075 per unit (each a “Unit”). Each Unit is comprised of one common share and one share purchase warrant. Each warrant will entitle the holder to acquire an additional common share at a price of $0.15 per share for a period of 24 months.
No finder’s fees were paid in connection with the initial tranche of the Placement. All securities issued in the first tranche are subject to a statutory hold period expiring on May 18, 2025, in accordance with applicable securities legislation.
Net proceeds of the Placement will be utilized for business development and general working capital purposes.
Consulting and Awareness Agreement
The Company is also pleased to announce that it has entered into a consulting and awareness service agreement with Hillside Consulting & Media Inc (Stephen Gilberson 250-485-3615, hillsideconsultingmedia@gmail.com), an-arms-length service provider with a business address located at 474 Main St, Penticton, BC, V2A 5C5, to provide ad copy and content writing, search engine optimization, video and ad creation, email and SMS advertising, as well as content creation. Hillside will begin providing the services on the date hereof for a period of 2 months. In consideration of the services provided, the Company will pay Hillside a cash fee of $25,000 CAD per month.
About The BC Bud Co.
The B.C. Bud Co. is a house of brands created by industry professionals who are passionate about the user experience.
On behalf of the board of directors of The BC Bud Co.
Brayden Sutton
Chief Executive Officer and Director
Disclaimer
Forward-Looking Statements
This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. This information and these statements, referred to herein as “forward‐looking statements”, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding the anticipated use of the net proceeds of the Placement, and the engagement of Hillside Consulting, the expected length of the engagement, the expected services to be provided and the compensation expected to be paid by the Company in connection therewith. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Readers are cautioned that the foregoing list of factors is not exhaustive.
In making the forward-looking statements in this news release, the Company has applied certain material assumptions, including without limitation, that the Company will use the net proceeds of the Placement as currently anticipated, the engagement with Hillside Consulting will proceed as expected, the agreement with Hillside Consulting will not be terminated earlier and that the Company’s business plans will remain unchanged. These forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, that the Company will not use the net proceeds of the Placement as currently anticipated, the engagement with Hillside Consulting will not proceed as expected, the agreement will Hillside Consulting will be terminated earlier, unanticipated costs and changes in the Company’s business plans, regulatory changes, or other changes impacting the use of the net proceeds of the Placement.
Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws.
Neither the Canadian Securities Exchange (the “CSE”) nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/237700
FAQ
How much did BCBCF raise in its initial financing tranche?
BCBCF raised $631,300 through the sale of 8,417,332 units at $0.075 per unit in its initial financing tranche.
What are the terms of BCBCF’s warrant exercise in January 2025 placement?
Each warrant allows holders to purchase one additional common share at $0.15 per share for a period of 24 months.
When does the hold period expire for BCBCF’s January 2025 private placement securities?
The statutory hold period for securities issued in the first tranche expires on May 18, 2025.
How much is BCBCF paying for marketing services to Hillside Consulting?
BCBCF is paying Hillside Consulting $25,000 CAD per month for a two-month period for marketing and content creation services.
