ImagineAR Closes First Tranche of Non-Brokered Private Placement

Executive Summary

• ImagineAR Inc. closed the first tranche of its $700,000 non‑brokered private placement, issuing 11,667,112 units at $0.03 per unit for gross proceeds of $350,013.37.
• Each unit consists of one common share and one non‑transferable warrant to purchase an additional share at $0.05 for 36 months; all securities are subject to a four‑month hold period.
• Net proceeds will be used for general working capital, operations, legal expenses, and sales/marketing activities.

Key Details

• Offering Size: $700,000 total private placement (non‑brokered).
• First Tranche Proceeds: $350,013.37 gross aggregate proceeds.
• Units Issued in First Tranche: 11,667,112 units at $0.03 per unit.
• Unit Composition:
• 1 common share of ImagineAR.
• 1 non‑transferable warrant to purchase one additional common share at $0.05, exercisable for 36 months from closing.
• Hold Period: Securities carry a four‑month and one‑day hold period from issuance date.
• Regulatory Conditions: Closing subject to receipt of all required regulatory approvals, including CSE approval.
• Use of Proceeds: General working capital; funding operations; covering legal costs; supporting sales and marketing of the AR‑as‑a‑Service platform.
• Legal Disclaimer: Units not registered under U.S. securities laws; offering not available to U.S. investors except via exemption or registration.

Notable Quotes

• Alen Paul Silverrstieen, President & CEO: “We are pleased to have successfully closed the first tranche of our private placement, which provides us with essential capital to accelerate product development and expand our market reach.”