Pond Technologies Holdings Inc. announced that it expects to receive CAD 1.25 million in funding from Colmac Holdings Limited
On the same date, the company issued 5,299,999 Common Shares at an issue price of CAD 0.07 for the gross proceeds of CAD 370,999.93 in the first tranche. Out of 5,299,999 shares, 1,785,714 Common Shares are subscribed by returning investor an issue price of CAD 0.07 for the gross proceeds of CAD 125,000. The Common Shares are subject to a statutory hold period expiring four months and a day from the date of issuance. The transaction has received conditional approval from the TSX Venture Exchange.