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Posted by
Two Blokes May 20 -
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Stock
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Montreal, Quebec, May 20, 2025 – TheNewswire – Ecolomondo Corporation (TSXV: ECM) (OTC: ECLMF) (the “ Company ” or “ Ecolomondo ”), a leading Canadian innovator in sustainable scrap tire recycling technology, is pleased to announce that it completed its previously announced non-brokered private placement (the “ Offering ”) for gross proceeds of C$1,000,000.10 from the sale of 6,201,551 units of the Company (each, a “ Unit ”) at a price of C$0.16125 per Unit. Each Unit consists of one common share of the Company (each, a “ Common Share ”) and one common share purchase warrant (a “ Warrant ”). Each Warrant shall entitle the holder to purchase one Common Share of the Company at a price of C$0.24 at any time on or before that date which is 2 years after the closing date of the Offering, provided that if the closing price of the common shares on the TSX Venture Exchange is equal to or greater than $0.35 for a period of 15 consecutive trading days, the Company may accelerate the expiry date of the Warrants by disseminating a press release within 7 calendar days after the 15 th trading day, and in such case the Warrants will expire on the 30 th day after the date on which such press release is disseminated.
