11:42 AM EDT, 10/30/2024 (MT Newswires) -- Stack Capital Group ( STCGF ) on Wednesday said it raised $15.82 million as it closed the main tranche of a private placement of share units.

The company issued 1.44-million units priced at $11.00 each and made up of a share and one half of a three-year warrant to buy a second share for $11.00.

A second additional tranche has been committed for the balance of the units that may be issued under the offering and is expected to close in mid-November.

Proceeds will be used for general corporate purposes and investments.

Stack Capital ( STCGF ) was last seen down $0.06 to $10.15 on the Toronto Stock Exchange.

Price: 10.15, Change: -0.06, Percent Change: -0.59