Credissential Concludes Private Placement with $490,000 Raised

Credissential Inc., an AI software development firm, announced the successful closing of its non-brokered private placement. The company issued 3,062,500 units at $0.16 per unit, garnering gross proceeds of $490,000. Each unit comprised one common share and a half-share purchase warrant. The warrants enable holders to acquire additional shares at $0.25 within 24 months.

Proceeds from the offering will be directed towards general working capital and corporate needs. The placement was conducted in Canada, the U.S., and internationally, adhering to respective securities laws. Notably, no finder's fees were involved. Securities sold to U.S. purchasers remain unregistered under the U.S. Securities Act.

This private placement underscores Credissential's strategic financial initiatives, despite forward-looking uncertainties highlighted in associated statements.