Private Placements
Indrocorp Technologies Inc.
Raise of up to $3,000,000
Up to 6,000,000 units (each a “Unit”) priced at $0.50 per Unit
Each Unit consists of one common share (each a “Share”) and one half of one share purchase warrant (each whole warrant, a “Warrant”)
Each Warrant is exercisable at a price of $1.00 for a period of 24 months from the Company listing its shares on a recognized stock exchange
In the event that the Company’s shares are not listed to trade on a recognized stock exchange within 9 months of the closing of the Financing, subscribers to the financing will receive 20% in bonus shares (for example, a subscriber who subscribed for 100,000 units in the private placement will receive an additional 20,000 common shares in the Company)
Securities issued under this Offering will be subject to a standard 4 month hold period and, as well, these securities are subject to a voluntary 6 month hold period from the date of listing. The two hold periods run concurrently so the maximum hold period is 6 months from listing