Benz Capital Corp. intends to carry out, subject to approval from the TSX Venture Exchange, a non-brokered private placement for gross proceeds of up to $130,000.
The private placement will consist of common shares of the corporation at a price of 15 cents per share.
All of the shares issued pursuant to the private placement will be subject to a four-month hold period from the date of issue. The net proceeds from the private placement will be used to finance the identification and completion of a qualifying transaction. We seek Safe Harbor.