VSBLTY closes second tranche of private placement raising C$686K and settles debt with units.

VSBLTY Groupe Technologies Corp. completed the second tranche of its non-brokered private placement, issuing 6.53 million units at C$0.105 each, raising approximately C$686,000. The units include common shares and warrants exercisable at C$0.18 for five years. Additionally, the company settled C$137,733 of debt by issuing 5.68 million units, including to insiders, under related party transaction exemptions. VSBLTY also converted convertible debentures into shares and warrants, granted restricted share units and stock options to directors and employees, and confirmed its upcoming Annual General Meeting will be held as planned. The proceeds will support general working capital needs as the company advances its AI and sensor fusion technology platform.