Objectives of the fundraiser
The purpose of the equity funding is to identify and evaluation assets or business with a view of completing an acquisition.
Use of Funds
The Issuer raised $6,000 from previous equity financings. The funds were used for incorporation costs and professional fees.
Description of fundraising
The principal business of the Issuer will be the identification and evaluation of assets or businesses with a view to completing an acquisition. The Issuer has not commenced commercial operations and has no assets other than a minimum amount of cash. Until completion of an acquisition, the Issuer will not carry on any business other than the identification and evaluation of assets or business completing an acquisition.
Is in the development stage
The company is looking to make an acquisition of a business. Upon a successful acquisition or merger, it is the management's intention to take the combined entity public on the CSE or TSX.