Published by Todd Bush on October 31, 2023
Not for distribution to United States news wire services or for dissemination in the United States
VANCOUVER, BC, Oct. 30, 2023 /PRNewswire/ -- Scope Carbon Corp. (CSE: SCPE) (OTCQB: SCPCF) (FSE: VN8) ("Scope" or the "Company") is pleased to announce completion of a non-brokered private placement (the "Offering") for aggregate gross proceeds of CDN $2,000,000 comprised of 1,250,000 units (each, a "Unit") at a price of CDN $1.60 per Unit.
Each Unit issued consists of one common share in the capital of the Company (a "Common Share") and one half of a common share purchase warrant (each whole warrant, a "Warrant"). Each whole Warrant is exercisable into one Common Share at a price of CDN $2.25 per Warrant for a period of two years from the date of issuance.
The Company did not pay any finder's fees in connection with the Offering. The Company intends to use the aggregate net proceeds of the Offering in connection with its ongoing acquisition of Farm Flight, Inc. as well as for general working capital purposes.
All securities issued in connection with the Offering are subject to a statutory hold period of four months and one day from the date of issuance that will expire on February 28, 2024 in accordance with applicable securities laws of Canada.
The securities of the Company have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws and may not be offered or sold in the United States absent registration or an available exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there by any sale of the securities referenced in this press release, in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Scope is a technology company located in Vancouver, British Columbia and is focused on the commercial development of its AI-driven image software, which the Company intends to use for the identification and estimation of carbon-based lifeforms and carbon emissions, both key components in the identification of carbon credits.
The Company is currently focused on the commercial development of its technology (the "Scope Analysis Platform) through its research and development program, to expand its capabilities of the Scope Analysis Platform and provide a one-tool solution in carbon mapping.
For more information please visit Scope Carbon Corp., or follow along on social media.
SOURCE Scope Carbon Corp
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside this Issue 🏆 LanzaTech Awarded Sustainable Markets Initiative 2023 Terra Carta Seal 🌿 Invert Partners with Carbonethic and Kaska Dena Council to Co-Develop Large-Scale, Nature-Based Project...
Inside this Issue 🌐 DevvStream Announces Participation at Upcoming COP28 Climate Change Conference 🛢️ Targray Joins Green Marine to Advance the Adoption of Sustainable Marine Fuels 🤝 Hyundai Motor...
Inside this Issue ✒️ GE Vernova and Next Hydrogen Sign MoU to Integrate Electrolysis Technology with Power Systems to Produce Green Hydrogen 🏆 Center for Energy Workforce Development Recognizes Co...
Eindhoven, the Netherlands (November 28, 2023) – Dutch Direct Air Capture (DAC) company Carbyon has successfully proven that their unique fast-swing process is able to capture CO2 using less than 2...
dynaCERT’s French Distributor Reports a Successful Solutrans Trade Show in Lyon (France)
TORONTO--(BUSINESS WIRE)--[dynaCERT Inc.](https://www.dynaCERT.com) (TSX: DYA) (OTCQX: DYFSF) (FRA: DMJ) ("dynaCERT" or the "Company"), a global leader in carbon emission reduction technology, had ...
CORALVILLE, IA, Nov. 28, 2023 (GLOBE NEWSWIRE) -- [SunHydrogen, Inc.](https://www.sunhydrogen.com/) (OTCQB: HYSR), the developer of a breakthrough technology to **produce renewable hydrogen using s...
IBM, FuelCell Energy to Use AI in Effort to Forge Longer-Life Fuel Cell Systems
ZURICH, Switzerland, Nov. 28, 2023 (GLOBE NEWSWIRE) -- [IBM](https://www.ibm.com/us-en) and [FuelCell Energy, Inc.](https://www.fuelcellenergy.com/) (Nasdaq: FCEL) today announced they will work to...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.