City View Green Holdings Inc. completed the first tranche of its private placement, raising $575,000 by issuing 11.5 million units priced at $0.05 each. Due to oversubscription, the company increased the offering to 17 million units to raise up to $850,000. Each unit includes one common share and one warrant exercisable at $0.10 for two years, with an early expiry clause if the share price hits $0.12. Additionally, City View settled $20,000 of debt by issuing 285,714 shares at $0.07 each. The funds will support general working capital needs, and all securities are subject to a hold period until late September 2026 or four months plus one day for debt settlement shares. CEO Rob Fia participated by purchasing 2 million units, with insider participation exempt from certain regulatory approvals. This move strengthens the company's financial position for ongoing operations.
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