Sol global announces first closing of fully subscribed $4 million debenture unit financing

75% of net proceeds will be used for additional solana purchases first c$1m of the four equal tranches has been released to sol with the balance released every 15 days toronto, ontario--(newsfile corp. - january 21, 2025) - sol global investments corp. (cse: sol) (otc pink: solcf) (fse: 9sb) ("sol global" or the "company") is pleased to announce that it has closed the first tranche of its previously announced private placement offering whereby the company sold 1,000 units of the company (each a "unit" and collectively, the "units") at a price of c$1,000 per unit for aggregate gross proceeds to the company of c$1,000,000 (the "offering"). each unit consists of (i) one c$1,000 principal amount unsecured convertible debenture of the company (each, a "convertible debenture" and collectively, the "convertible debentures"), and (ii) 1,818 common share purchase warrants of the company (each, a "warrant" and, collectively, the "warrants").
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