The offering, which is slated to continue in additional tranches over the coming weeks, aims for a total target of $1,275,000. Each unit provided to investors consists of one common share and one share purchase warrant. These warrants allow holders to acquire additional common shares at $0.25 within a twenty-four-month window, provided the company meets specific accelerated expiry conditions tied to the stock reaching a $0.35 threshold for five consecutive trading days.
Inturai Ventures Secures $940,999 in Initial Private Placement
Vancouver-based Inturai Ventures has closed the first tranche of its non-brokered private placement, raising gross proceeds of $940,999.65. The company issued over 6.2 million units priced at $0.15 each to support ongoing research, development, and general working capital as it expands its footprint in the artificial intelligence sector.
Inturai utilized the listed issuer financing exemption for this sale, meaning the units are immediately free-trading in most Canadian provinces. To facilitate the introduction of subscribers, the company paid $9,900 and issued 66,000 finder warrants to arm's-length parties. These specific warrants carry a two-year term at the same $0.25 exercise price but remain subject to resale restrictions until December 29, 2026. The firm, led by CEO Ed Clarke, focuses on AI applications across healthcare, military, and industrial environments.
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