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Scope Technologies Corp

09:45 AM EST - Scope Technologies Corp : Announces it has received the proceeds for the first tranche of its previously announced $1,500,000 non-brokered private placement financing. The Company issued 2,000,000 shares at a price of $0.50 per Share for total proceeds of $1,000,000, for the first tranche of the Offering. The Shares under the First Tranche will be subject to restrictions on resale until August 1, 2025. The aggregate net proceeds of the Offering will be used to repay a $1,000,000 loan previously received from First Majestic Silver Corp. and the remaining funds will be used towards accelerating the development of the Company's QSE mobile application. Scope Technologies Corp shares C.SCPE are trading up one cent at $0.46.