Published by Todd Bush on November 1, 2023
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.
>> RELATED: Scope Carbon Enters into Product Development Agreement with Marsman Limited
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.](https://scopecarboncorp.com]
SOURCE Scope Carbon Corp
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside this Issue 💰 FuelCell Energy Announces Debt Financing for Derby Power Projects ⚛️ Plug Power's Expansion Accelerates Green Hydrogen Economy 📝 Zefiro Registers its First Methane Reduction Pr...
Inside this Issue 🏭 Nel ASA: Hy Stor Energy Places Gigawatt Capacity Reservation for Mississippi Clean Hydrogen Hub 🛺 Gearing Up for a Green Highway: Air Products Paves the Way for Hydrogen Transp...
Inside this Issue ⚛️ Air Products Announces Plans to Build Network of Commercial-Scale Multi-Modal Hydrogen Refueling Stations Connecting Edmonton and Calgary, Alberta, Canada 🤝 RepAir and Cella L...
Two CIP Projects Successful in the First European Hydrogen Bank Auction
**Today, it was announced that two hydrogen projects owned by CI Energy Transition Fund I, managed by** [**Copenhagen Infrastructure Partners**](https://www.cip.com)**, were successful in securing ...
_The award is one of the ENERGY STAR program's highest levels of recognition and reflects the utility's efforts to help its customers save money, conserve energy and transition to a net-zero emissi...
bp's Archaea Energy Brings Online Its Largest Modular RNG Plant to Date in Kansas
* The plant can convert 9,600 standard cubic feet of landfill gas per minute into lower-carbon renewable natural gas (RNG). * Plant is expected to produce enough renewable natural gas to...
Hyliion and Victory Execute Letter of Intent to Deploy up to 10 KARNO™ Generators to H2 Energy Group
AUSTIN, Texas--(BUSINESS WIRE)--[**Hyliion Holdings Corp.**](https://www.hyliion.com/)(NYSE: HYLN) (“Hyliion”), a developer of sustainable electricity-producing technology, [**Victory Clean Energy ...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.