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VANCOUVER, BC, Jan. 7, 2022 /CNW/ - Audrey Capital Corporation
(the "Corporation"), a capital pool company, (TSXV: AUD.P)
announces that it has closed a non-brokered private placement for
the sale of 1,500,000 common shares at a price of $0.10 per share for gross proceeds of
$150,000 (the "Offering") which was
previously announced on November 29,
2021.
The net proceeds of the Offering will be used by the Corporation
to identify and evaluate assets or businesses for acquisition with
a view to completing a "Qualifying Transaction" under the capital
pool company program pursuant to Policy 2.4 of the TSX Venture
Exchange. Investors are cautioned that trading in the securities of
a capital pool company should be considered highly
speculative. Securities issued under the Offering are subject
to a four month and one day hold period, which will expire on
May 7, 2022.
The Corporation also granted 200,000 options at an exercise
price of $0.10 to a director of the
Corporation which will expire on November
26, 2026.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Audrey Capital Corp