UAE suspends 32 gold refineries in money-laundering crackdown
The UAE is cleaning up its gold sector as part of a broader effort to rehabilitate its financial reputation.
(via TheNewswire)
VANCOUVER – TheNewswire - August 8, 2024 – 1325966 BC Ltd. (“Agritech” or the “Company”) is pleased to announce its intention to complete a non-brokered private placement of up to 12,500,000 shares at a price of $.20 per share for gross proceeds of $2,500,000.
The proceeds of the Private Placement will be used in conjunction the property acquisition in New York and general corporate working capital. On June 25, 2024, the Company announced the acquisition of two cold storage facilities in upper New York state and is pursuing the opportunity to upgrade the old cold storage capacity with Controlled Atmosphere technology and add vertical farming with modern energy capture techniques.
The shares issued in the Private Placement will be subject to a four month hold period under applicable Canadian securities legislation.
1325966 BC Ltd. is an unlisted reporting Issuer in the business of identifying and improving indoor agriculture storage and vertical grow properties into sale and lease opportunities. AgriTech intends to compete a strategic merger with leading controlled atmosphere technology firm Technologies SGG Canada Inc. to acquire and apply its IP in a growing number of Agroville sites.
Donald Gordon, Director and Chief Financial Officer
AgriTech
Ph: 604-617-7221
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
FORWARD LOOKING STATEMENTS: This news release contains certain forward-looking statements within the meaning of Canadian securities laws. Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
No regulatory authority has approved or disapproved the information contained in this news release.
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