Torrent Capital Announces Closing of $8.75 Million Financing
Halifax, Nova Scotia – (Newsfile Corp. – February 10, 2025) – Torrent Capital Ltd. (TSXV: TORR) (the “Company” or “Torrent”) is pleased to announce the closing of its previously announced equity financing of 12,511,057 units (the “Units”) at an issue price of $0.70 per Unit for gross proceeds of $8,757,740 (the “Offering”).
Wade Dawe, CEO and Board Chair of Torrent, added, “We are pleased to complete this financing with strong insider participation while at the same time expanding Torrent’s shareholder base. This is the first financing completed by Torrent since becoming a publicly listed Investment Issuer in 2017. We are enthusiastic about the growth potential and opportunities in decentralized finance, and specifically, we plan to make significant investments in Solana cryptocurrency.”
