Rivalry Closes First Tranche of Private Placement

Executive Summary

• Rivalry Corp. closed an initial tranche of its non‑brokered private placement, issuing 27.6 million units at C$0.05 per unit for gross proceeds of C$1.38 million.
• Each unit consists of one subordinate voting share and one warrant exercisable into a share at C$0.10 within 24 months; both shares and warrants are subject to a four‑month statutory hold period.
• The company plans additional closings of up to 82.8 million units and intends to use the proceeds for corporate development, general working capital, and to fund an upcoming debt restructuring expected by October 24 2025.

Key Details

• Units Issued (Initial Tranche): 27,600,000
• Price per Unit: C$0.05
• Gross Proceeds: C$1,380,000
• Unit Composition:
• 1 Subordinate Voting Share (SV Share)
• 1 SV Share Purchase Warrant (Warrant)
• Warrant Terms:
• Exercise price: C$0.10 per share
• exercisable for 24 months from issuance
• Statutory Hold Period: 4 months on SV Shares, Warrants, and Warrant Shares.
• Planned Additional Closings: Up to 82,800,000 units under the previously announced subscription agreement with a strategic family office.
• Use of Proceeds: Corporate development and general working capital; also to support the pending debt restructuring.
• Debt Restructuring Timeline: Expected completion on or before October 24 2025, pursuant to a debt settlement agreement with the senior lender.

Notable Quotes

(No direct quotes were provided in the release.)