Scryb Inc. Completes Strategic Private Placement

Scryb (TSE:SCYB) has released an update.

Scryb Inc. has successfully completed a non-brokered private placement, raising $846,870 through the issuance of over 33 million units at $0.025 each, which include common shares and warrants exercisable at $0.05. The capital raised is earmarked for working capital and general corporate purposes. The transaction involved payments to finders and constituted a ‘related party transaction’, with an insider purchasing 3 million units, but stayed within the exemption limits of MI 61-101.

For further insights into TSE:SCYB stock, check out TipRanks’ Stock Analysis page.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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