Treasury
Trenchant Technologies Capital Raises C$500,000 in the First Tranche of a Private Placement
Trenchant Technologies Capital (AITT.CN) closed a first tranche of its private placement, issuing 500 debentures for C$500,000, it said late Tuesday.The debentures will bear interest at the rate of 12% per year and will mature in a year. The notes can be converted into shares priced at C$0.10.Proceeds will be used for general working capital needs and for investments in its portfolio companies or new opportunities, it said.Trenchant expects to close the remainder of the offering in the next few weeks.The company's shares last traded Jul. 10, closing at C$0.08 on the Canadian Securities Exchange.
$AITT.CN
