Pathfinder Closes $700,000 First Tranche of Private Placement

Pathfinder Ventures Ltd. has announced the closure of the first tranche of its non-brokered private placement. The company has issued 7,000,000 units at $0.10 per unit, resulting in gross proceeds of $700,000. Plans are underway to extend the offering for an additional 3,000,000 units over the next 45 days.

Each unit comprises one common share and one-half of a warrant. A whole warrant is exercisable to purchase a common share at $0.20 until September 2027. The proceeds will fund upgrades and expansion at Pathfinder’s RV resorts and acquisition opportunities.

The company paid $29,400 and issued 294,000 warrants as finder fees. Directors purchased 200,000 units, constituting a related party transaction. The securities are subject to a hold period until January 2025.