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Quantum Secure Encryption Corp. — Capital/Financing Update 2024
Dec 23, 2024
48384_rns_2024-12-23_2f3db628-b81f-47f3-8f5d-eaa114739df4.pdf
Capital/Financing Update
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FORM 51-102F3
MATERIAL CHANGE REPORT
Item 1. Name and Address of Company
SCOPE TECHNOLOGIES CORP.
1000 – 1055 West Hastings Street
Vancouver, BC V6E 2E9
(the "Company")
Item 2. Date of Material Change
December 23, 2024
Item 3. News Release
The news release was issued on December 23, 2024 and disseminated by PR Newswire.
Item 4. Summary of Material Change
The Company announced a non-brokered private placement of up to 750,000 units at a price of $1.40 per unit.
Item 5. Full Description of Material Change
The Company announced a non-brokered private placement (the "Offering") of up to 750,000 units ("Units") at a price of $1.40 to raise gross proceeds of up to $1,050,000. Each Unit will consist of one common share of the Company and one common share purchase warrant (each, a "Warrant"). Each Warrant will entitle the holder to acquire one additional common share at an exercise price of $1.80 for a period of two years upon issuance.
The Company does not anticipate paying any finder's fees in connection with the Offering. The Company intends to use the aggregate net proceeds of the Offering to grow its team, with a focus on hiring additional sales and client staff, as well as for general working capital purposes.
Item 6. Reliance on Subsection 7.1(2) of National Instrument 51-102
Not applicable.
Item 7. Omitted Information
None.
Item 8. Executive Officer
James Young
CEO and Director
(604) 416-1720
Item 9. Date of Report
December 23, 2024.