04:42 PM EDT, 07/30/2024 (MT Newswires) -- Carbeeza ( CRBAF ) on Tuesday said it is seeking to raise $3 million in a private placement of share units.

The company said it is offering up to 30-million units priced at $0.10 each and made up of a shares and an 18-month warrant to buy a second share for $0.20.

Proceeds will be used to scale up the marketing campaign, to support the company's move into the United States market and for general corporate purposes.

Carbeeza ( CRBAF ) has closed the first tranche of 700,000 units for $70,000 proceeds.