01:23 PM EDT, 09/18/2025 (MT Newswires) -- Universal Digital ( LFGMF ) on Thursday said it closed the first tranche of a brokered private placement offering for proceeds of C$1.5 million.

The company placed 2.4-million units at $0.60 apiece in the tranche, with each made up of a share a one half of a two-year warrant to buy a share for $0.80.

Proceeds are to be used to buy a strategic equity and warrant position in Tokyo Stock Exchange-listed ReYuu Japan, for working capital and general corporate needs.

Shares of the company were last seen down $0.01 to $0.59 on the Canadian Securities Exchange.

Price: 0.59, Change: -0.01, Percent Change: -1.67