Pathfinder Extends Closing and Upsizes Private Placement to $2,000,000
VANCOUVER, BC / October 15, 2024 / Pathfinder Ventures Ltd. (TSXV:RV) (“Pathfinder” or the “Company”) is pleased to announce that, further to its news releases of July 8 and September 13, 2024, it has extended the closing date for the second tranche of its non-brokered private placement first announced July 8, 2024 and has upsized the total offering to 20,000,000 units (“Units“) at a price of $0.10 per Unit for gross proceeds of up to $2,000,000 of which 7,000,000 units ($700,000) were issued on September 13, 2024. The Company intends to extend the offering for the remaining balance of 13,000,000 Units for up to 30 days.
Each Unit is comprised of one post-consolidation common share (a “Share”) of the Company and one-half of a non-transferable purchase warrant, with a whole warrant (“Warrant”) entitling the holder to purchase a common share at a price of $0.20 for a period of 36 months, subject to accelerated expiry upon certain events.
The Issuer intends to use the net proceeds to fund and advance upgrades and expansion at its RV resorts, to advance acquisition opportunities within its pipeline, and for general working capital. All securities issued will be subject to a four month hold period.
Completion of the Private Placement remains subject to the approval of the TSX Venture Exchange.
About Pathfinder Ventures
Pathfinder Ventures Inc. is a leading provider of premium RV camping experiences, committed to delivering exceptional hospitality and modern amenities to outdoor enthusiasts. With a portfolio of strategically located resorts, Pathfinder offers unparalleled opportunities for memorable RV vacations.
To learn more about Pathfinder Camp Resorts, click the link below:
On behalf of the board of directors of the Company:
Joe Bleackley
Chief Executive Officer, Founder and Director
Pathfinder Ventures Inc.
Company Contact:
Joe Bleackley
Chief Executive Officer, Founder and Director
Phone: (604) 914 2575
Email: ir@PathfinderVentures.ca
Website: PathfinderVentures.ca|| PathfinderCampResorts.com
