Fineqia International Inc (CSE:FNQ, OTC:FNQQF) has extended the deadline for its non-brokered private placement to October 31, 2024, aiming to raise C$1.5 million.
Each unit will consist of one common share and a warrant, priced at C$0.01 per share, with warrants exercisable at $0.05 for three years.
The company anticipates strong investor interest and may accelerate the expiry of warrants under certain conditions.
Some units will be issued to directors and officers as part of a related party transaction, relying on exemptions from regulatory requirements.