Gamelancer Media, doing business as Vertiqal Studios (TSX:VRTS, OTCQB:GAMGF), announced that it has closed a non-brokered private placement of shares at an issue price of $0.025 per share for gross proceeds of $653,074.
The proceeds of the offering will be used for general working capital and corporate purposes.
The company said that the financing was led by its president Max Desmarais with additional participation from Carriage House Capital, a consulting and advisory services firm with which the company has recently entered into a consulting agreement.
Desmarais has been with the company since 2021 and has demonstrated “unwavering commitment” by participating in its three previous financings.
"The acquisition of Offbeat was an endeavor we undertook with Carriage House's advisory, and I'm proud to further our relationship with them by joining them in this financing,” Desmarais said in a statement.
“We are excited to continue acquiring profitable digital channel networks and other ecosystem-related technology companies, agencies, and media services businesses utilizing the diligence and expertise of Carriage House."
Vertiqal Studios (TSX:VRTS, OTCQB:GAMGF) is an owned-and-operated digital-channel network and video production studio.