Sekur Private Data Secures CA$105,000 in Private Placement Funding for U.S. Market Expansion

Sekur Private Data Ltd., a Swiss-hosted cybersecurity and privacy communications platform, has successfully closed the first tranche of its non-brokered private placement, raising gross proceeds of CA$105,000. The company issued 3 million units at CA$0.035 each, with each unit comprising one common share and a full warrant exercisable at CA$0.05 for a 24-month period. This funding round was completed without any finders' fees, making it a clean capital raise for the company.

The proceeds from this private placement will be strategically allocated toward expanding Sekur's U.S. marketing efforts for its privacy communications solutions and supporting general working capital needs. This represents a significant step in the company's growth strategy, particularly as it seeks to strengthen its position in the competitive cybersecurity and privacy communications landscape. The focus on U.S. market expansion comes at a time when demand for secure communication tools is increasing globally, driven by growing concerns about data privacy and cybersecurity threats.

Sekur Private Data specializes in providing encrypted communication tools through its own website, including secure email, messaging, and data management services. The company serves a diverse global customer base that includes consumers, businesses, and government entities through multiple channels, including approved distributors and telecommunications partners worldwide. This private placement represents a strategic move for Sekur to enhance its market presence and continue developing its suite of secure communication technologies, positioning the company to better compete in the rapidly evolving cybersecurity market where privacy concerns are becoming increasingly paramount for organizations and individuals alike.