BOARDWALKTECH ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Executive Summary

• Boardwalktech Software Corp. announced a non‑brokered private placement of up to 42,857,143 units at C$0.035 per unit, targeting gross proceeds of up to C$1.5 million.
• Each unit consists of one common share and one warrant allowing purchase of an additional common share at C$0.05 for two years.
• Net proceeds are earmarked for general corporate purposes; the offering is subject to TSX Venture Exchange approval and includes a four‑month hold period plus one day.

Key Details

• Units Offered: Up to 42,857,143 units (each = 1 common share + 1 warrant).
• Subscription Price: C$0.035 per unit.
• Gross Proceeds Target: Up to C$1,500,000.
• Warrant Terms: One‑for‑one warrant per unit; exercise price C$0.05; exercisable for two years from issuance.
• Regulatory Framework: Units issued under NI 45‑106 prospectus exemptions; subject to TSX Venture Exchange approval.
• Hold Period: Four months plus one day from the date of issuance.
• Finder’s Fees: Company may pay finder's fees to eligible finders; details to be announced later.
• Insider Participation: Insiders may participate; specifics to be disclosed at a later date.
• Use of Proceeds: General corporate purposes.
• U.S. Offering Restrictions: Units not registered under U.S. securities laws; cannot be offered or sold to U.S. persons absent registration or exemption.

Notable Quotes

(No executive quotes were included in the release.)