OverActive Media Closes Previously Announced C$2 Million Debt Financing

Executive Summary

• OverActive Media Corp. closed an upsized C$2,000,000 secured debt financing consisting of two C$1,000,000 promissory notes.
• The financing was accompanied by the issuance of 660,000 common share purchase warrants at a C$0.30 exercise price, split equally between the two lenders.
• Proceeds will be used for general working capital; securities are subject to a four‑month statutory hold period expiring 22 Feb 2026.

Key Details

• Financing Structure: Two secured promissory notes, each C$1,000,000 principal amount.
• Lenders: One note issued to an entity controlled by Sheldon Pollack; the other to an entity controlled by the Kimel family.
• Warrants Issued: 660,000 common share purchase warrants total – 330,000 to each lender.
• Warrant Terms: Exercise price C$0.30 per share; exercisable for one year from issuance date.
• Gross Proceeds: C$2,000,000.
• Use of Proceeds: General working capital purposes.
• Statutory Hold Period: Four months under TSXV rules; hold expires on 22 Feb 2026.

Notable Quotes

(No direct quotes were provided in the release.)