Announcement of Non-Brokered Private Placement

  

March 5, 2021 – TheNewswire - VAUGHAN, ONTARIO - Miles Technology Inc. (the “Company”) announces a non-brokered private placement for up to 2,500,000 common shares of the Company at $0.10 per common share.

 

Proceeds from the private placement will be used for general working capital.  

 

All securities will be subject to a four-month hold period from the date of issuance and insiders of the Company may be participating in the private placement.

 

The private placement is anticipated to close on or about March 31, 2021 and may close in tranches before or after such date.

 

The Company has no active business operations and is seeking a new business that has the potential to create new shareholder value.  

 

For more information contact:

 

Nick Tsimidis, Director and Secretary

Miles Technology Inc.

Telephone: 289-371-3080

Nick.tsimidis@unioncapital.ca

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