01:52 PM EDT, 06/10/2024 (MT Newswires) -- Tribe Property Technologies ( TRPTF ) , said Monday it plans to raise $2.5 million through a non-brokered private placement of share units under the listed issuer financing exemption.

The property-management software company is offering 4.81- million units priced at $0.52 and made up of a share and one half of a five-year warrant to buy a second share for $0.82.

The company intends to use the proceeds for general working capital purposes.

The company's shares were last seen down $0.05 to $0.49 on the TSX Venture Exchange,

Price: 0.49, Change: -0.05, Percent Change: -9.26