Global Compliance Applications launches $1.9M private share placement for working capital.

Global Compliance Applications Corp. announced a private placement to raise up to CAD 1.9 million by issuing 190 million shares at CAD 0.01 each. The funds will support the company's working capital needs to advance its blockchain and machine learning solutions for regulated industries. The private placement requires approval from the Canadian Securities Exchange and shares will be subject to a four-month hold period after issuance. This financing move aims to strengthen the company's position in delivering its Ethereum Layer 2 blockchain technology focused on data integrity and compliance.