Optegra Ventures arranges 1:4 share rollback, financing

Executive Summary

• Optegra Ventures Inc. will consolidate its common shares on a 1‑for‑4 basis, reducing outstanding shares from ~8.82 M to ~2.20 M.
• The company is launching a $1.5 million private placement of 20 million units at C$0.075 per unit, each unit consisting of one post‑consolidation share and one transferable warrant.
• Proceeds will be used to repay debt and fund working capital; a 7% cash finder's fee applies to part of the financing.

Key Details

• Share Consolidation Ratio: 1 new common share for every 4 old common shares.
• Pre‑consolidation Shares Outstanding: 8,817,880 common shares.
• Post‑consolidation Shares Outstanding: 2,204,470 common shares (assuming no other changes).
• Financing Amount: $1.5 million CAD private placement.
• Units Offered: 20 million units at C$0.075 per unit.
• Unit Composition: Each unit = 1 post‑consolidation common share + 1 transferable common share purchase warrant.
• Warrant Terms: Right to purchase one additional post‑consolidation share at C$0.10 per share, exercisable for five years from issuance.
• Use of Proceeds: Debt repayment and working capital.
• Finder’s Fee: 7% cash fee payable on a portion of the financing.
• Regulatory Condition: Consolidation, financing, and finder’s fee are subject to acceptance for filing by the TSX Venture Exchange.
• Director Appointment: G.V. Knight appointed as independent director to satisfy TSX‑V Policy 3.1 requirements (administrative but noted).

Notable Quotes

(No direct quotes provided in the release.)