AlphaGen Closes Private Placement of $2.5 million

Executive Summary

• AlphaGen Intelligence Corp. closed a non‑brokered private placement of 10,000,000 units at $0.25 per unit, raising $2.5 million in gross proceeds.
• Each unit includes one common share and half of a share purchase warrant; the warrants allow acquisition of additional shares at $0.40 for two years.
• Net proceeds are earmarked for general working‑capital purposes; finder’s fees of $39,500 were paid and 158,000 finder’s warrants were issued.

Key Details

• Units Issued: 10,000,000 units @ $0.25 per unit → $2,500,000 gross proceeds.
• Unit Composition: 1 common share + ½ share purchase warrant (each whole warrant = right to buy 1 additional share at $0.40).
• Warrant Terms: Exercise price $0.40 per share; exercisable for two years from issuance.
• Use of Proceeds: General working‑capital purposes.
• Statutory Hold Period: Four months, expiring May 17 2026.
• Finder’s Fees Paid: $39,500 in cash.
• Finder’s Warrants Issued: 158,000 warrants (each exercisable at $0.40 per share for two years).
• Regulatory Note: Securities not registered under the U.S. Securities Act; offering not available to U.S. persons absent exemption.

Notable Quotes

(No executive quotes included in the release.)