RE: Placing at 0.15p30 Dec 2024 10:59
This fund raise was part of the terms for the 3mil, RNS on 22nd November
Non-Binding Funding Term Sheet:
Sealand is also pleased to announce that it has entered into a non-binding term sheet with Liberty North Capital Corp. a regulated boutique investment bank, headquartered in Toronto, Canada for the provision of equity & debt-financing to support the Company's existing operations and future growth opportunities that the Company are currently evaluating.
The principal terms of the Financing Arrangement between Sealand and Liberty North Capital Corp. are as follows:
Non-Binding Terms: Brokered Equity Placement
· To raise up to £170,000 via a brokered equity placement
· The placing will be conditional on resolutions being passed at a General Meeting
· The non-binding term sheet provides an issue price of £0.0015
Attaching Warrants:
PLACING WARRANTS ATTACHING
STRIKE PRICE
LIFE TO EXPIRY
TWO (2) A-WARRANTS FOR EVERY ONE PLACING SHARE ISSUED TO THE SUBCRIBER
£0.0025
3-YEARS FROM PUBLICATION OF A FCA APPROVED PROSPECTUS
ONE (1) A-WARRANTS FOR EVERY ONE PLACING SHARE ISSUED TO THE SUBCRIBER
£0.004
3-YEARS FROM PUBLICATION OF A FCA APPROVED PROSPECTUS
*should the non-binding terms be approved, the placing shares admission shall be conditional on, matters including; shareholder approval at a General Meeting of the Company.