Scope Technologies Corp Successfully Completes Initial Private Placement Financing Round
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Scope Technologies Corp Successfully Completes Initial Private Placement Financing Round

Scope Technologies Corp. Announces Successful Completion of $1.5M Private Placement Financing

VANCOUVER, BC, March 31, 2025 /PRNewswire/ — Scope Technologies Corp. (CSE: SCPE) (OTCQB: SCPCF) (FSE: VN8) is excited to announce the completion of the first tranche of its $1,500,000 non-brokered private placement financing. The Company issued 2,000,000 shares at a price of $0.50 per share, raising a total of $1,000,000 in proceeds. These funds will be used to repay a $1,000,000 loan from First Majestic Silver Corp. and accelerate the development of the QSE mobile application.

The Shares from the first tranche will be subject to resale restrictions until August 1, 2025. Scope Technologies Corp., headquartered in Vancouver, British Columbia, specializes in quantum security and machine learning through its brands, QSE Group and GEM AI. These cutting-edge technologies provide secure and scalable solutions in data security, quantum encryption, and neural networks to drive growth and operational efficiency for businesses.

In addition, the Company emphasizes its commitment to compliance with regulations and ensuring the security of healthcare providers through its quantum security solutions. For more information on how QSE’s technology can benefit healthcare providers, visit www.qse.group.

James Young, CEO of Scope Technologies Corp., can be contacted for further information at [email protected] or +1 604-416-1720. Visit the company’s website at www.scopetechnologies.io for more details.

This announcement contains forward-looking statements regarding the use of proceeds from the private placement financing. While the Company believes these statements are reasonable, readers are advised to exercise caution and not rely solely on forward-looking statements. Risks and assumptions associated with economic conditions, regulatory compliance, and other factors may impact the Company’s actual results.

The Canadian Securities Exchange has not endorsed or disapproved the contents of this news release. For the latest updates from Scope Technologies Corp., visit their LinkedIn, Facebook, and Twitter pages. Stay informed with the latest developments in quantum security and machine learning from Scope Technologies Corp. Please rephrase the text you would like me to rewrite.