DR. PHONE FIX ANNOUNCES COMPLETION OF FIRST TRANCHE OF NON-BROKERED PRIVATE PLACEMENT FINANCING

Executive Summary

• Dr. Phone Fix completed the first tranche of its non‑brokered private placement, issuing 8,258,336 units for gross proceeds of $1,238,750.40.
• The offering allows up to a total of 16,666,667 units (potentially increaseable to 26,666,667) at $0.15 per unit, providing up to $2.5 M (or $4 M if expanded) in financing.
• Proceeds will fund the company’s growth plan, including a targeted doubling of store count from 35 to 70 within the next 12‑18 months through M&A and organic openings.

Key Details

• Units Offered: Up to 16,666,667 units at $0.15 per unit (potentially up to 26,666,667 units).
• First Tranche Issuance: 8,258,336 units issued; gross proceeds $1,238,750.40.
• Total Potential Gross Proceeds: Up to $2,500,000 (or $4,000,000 if the offering size is increased).
• Unit Composition: Each unit = 1 common share + ½ of a common‑share purchase warrant.
• Warrant Terms: Warrants exercisable at $0.25 per share for two years from issuance.
• Statutory Hold Period: All securities subject to a four‑month‑plus‑one‑day hold period.
• Finder Fees: 7% cash of gross proceeds plus additional broker warrants equal to 7% of subscribed units; broker warrants exercisable at $0.25 per share for two years.
• Related Party Transaction: A director subscribed for 990,000 units; the company relied on MI 61‑101 exemptions for valuation and minority approval requirements.
• Closing Timeline: First tranche closed; second tranche expected within a few weeks; final offering anticipated to close around October 23, 2025, subject to TSXV approval.
• Use of Proceeds: To accelerate growth via disciplined M&A strategy and organic store openings, aiming to double the store count.

Notable Quotes

“The successful closing of this first tranche marks an important step in executing on our strategic plan,” said Piyush Sawhney, CEO of Dr. Phone Fix.
“We remain focused on accelerating our growth through a disciplined M&A strategy alongside organic store openings, with the clear intention of doubling our store count from 35 to 70 over the next 12 to 18 months.”