Edgewater Wireless and Libra Energy Materials Announce Private Placements
Edgewater Wireless Systems Inc. will conduct a private placement to raise up to $1 million for product development. Libra Energy Materials Inc. is also initiating a placement for $700,000 to fund exploration projects.
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Edgewater Wireless Systems Inc. is initiating a second tranche of a non-brokered private placement, aiming for up to $1 million from 16,666,667 Units priced at $0.06 each. The proceeds will be allocated to semiconductor design and product development for its Spectrum Slicing™ technology.
Concurrently, Libra Energy Materials Inc. is offering a non-brokered private placement to raise $700,000, consisting of 5,000,000 common shares at $0.10 each and 1,538,462 critical flow-through shares at $0.13 each. Libra may expand the offering to $1.3 million.
Funds will support exploration activities and qualify for Canadian tax credits. Both companies aim to enhance their operational capabilities amidst a competitive market.
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