FutureGen Industries Announces Private Placement of $500,000

FutureGen Industries Corp, a venture capital and investment firm based in Vancouver, BC, has announced its intent to conduct a non-brokered private placement. The offering includes up to 3,571,428 units priced at $0.14 per unit, targeting gross proceeds of around $500,000.

Each unit comprises one common share and one purchase warrant. The holder of a warrant can acquire an additional share at $0.18 within a 36-month period. An administrative fee of 1.0% of the total shares issued will be paid to a third party. Finders' fees may also be distributed to eligible parties aiding in the placement.

The closure of the private placement is contingent upon regulatory approvals, with a four-month hold period on issued securities. The proceeds are allocated for general corporate purposes, operational goals, and investor relations.