Rivalry Closes Second Tranche of Private Placement

Executive Summary

• Rivalry Corp. closed the second 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 at C$0.10 per share until October 8 2027; all securities are subject to a four‑month statutory hold period.
• Proceeds will be used for corporate development and general working capital, with the company expecting further closings of up to 55.2 million units and completion of a previously announced debt restructuring by October 24 2025.

Key Details

• Units Issued: 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: Each warrant convertible into one SV Share at C$0.10 per share; exercisable until October 8 2027.
• Statutory Hold Period: Four months for SV Shares, Warrants, and Warrant Shares.
• Use of Proceeds: Corporate development and general working capital.
• Future Funding Outlook: Anticipated additional closings of up to 55,200,000 units under the existing subscription agreement with a strategic family office.
• Debt Restructuring: Planned completion of previously announced debt settlement with senior lender on or before October 24 2025.

Notable Quotes

(No direct quotes were provided in the release.)