INEO Tech Expands Private Placement Financing

INEO Tech Corp, listed on TSX-V as INEO, has announced plans to increase its non-brokered private placement financing from $1,100,000 to $1,500,000. The company will offer shares at $0.01 each on a pre-consolidation basis or $0.10 post-consolidation, with a minimum closing condition of $500,000.

The additional funds will be used for working capital, inventory, production, customer deployment, and general corporate needs. The financing is contingent on TSX Venture Exchange approval and other standard conditions.

INEO has also agreed to convert $341,288 of interest and $116,600 of additional debt into common shares. An extension of a $1,000,000 debt maturity date to December 2027 is conditioned on completing at least $500,000 in financing.