Primary Hydrogen Corp., based in Vancouver, British Columbia, recently announced the successful completion of a non-brokered private placement to raise funds for its operations. The placement involved 1,875,000 units of the company at a price of $0.40 per unit, totaling $750,000 in proceeds. Each unit, known as a 'FT Unit,' comprises a flow-through share and a common share purchase warrant. The flow-through shares are issued as per the Income Tax Act (Canada), allowing investors tax benefits. Additionally, the warrants included in the units enable investors to acquire common shares at a specified exercise price within 18 months. The raised funds will be utilized to incur Canadian exploration expenses on the company's properties, conforming to tax provisions outlined in the Income Tax Act (Canada). All securities issued during the private placement are subjected to a four-month hold period, expiring on April 21, 2025. This strategic move highlights Primary Hydrogen's commitment to financial viability and its focus on advancing exploration activities in line with regulatory requirements.