GEEKCO ANNOUNCES AN EXTENSION OF ITS PRIVATE PLACEMENT AND A CHANGE TO ITS BOARD OF DIRECTORS
MONTRÉAL, May 2, 2025 /CNW/ - Geekco Technologies Corporation (the " Corporation" or " Geekco") (TSXV: GKO) announces that it extends until June 4, 2025 its non-brokered private placement (the " Private Placement") for which, as announced on April 17, 2025, a first tranche closed with the issuance of 2,980,000 units (" Units") at a price of $0.05 per Unit for aggregate gross proceeds of $149,000 out of a maximum of $400,000 (or 8,000,000 Units). Each Unit consists of one (1) Class A share of the share capital of the Corporation (each a "Common Share") and one (1) warrant (each a " Warrant"). Each Warrant entitles the holder to acquire one (1) additional Common Share at a price of $0.08 until three (3) years from their issuance date.
The Corporation also announces that it has accepted the resignation of Mr. Sylvain Aird from Geekco's Board of Directors. The Corporation extends its gratitude to Mr. Aird for his valuable contributions since Geekco has been listed on the TSX Venture Exchange. The Corporation wishes him the best in his future endeavours.
ABOUT GEEKCO
Geekco is positioned at the forefront of technological solutions that are evolving the new way of doing marketing while stimulating and energizing the economy of each city and each neighborhood by making consumers and shops interact like never before. Its Tell Me application allows users to discover businesses around them in real time using the interactive map, access exclusive rewards and even find a job. Shops thus increase their traffic and their visibility while recruiting their future employees. All this in the same app.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Geekco Technologies inc
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