Sabio Holdings closes $1.27-million offering

Executive Summary

• Sabio Holdings Inc. closed its broker‑driven private placement, raising $1,272,800 in gross proceeds.
• The offering issued 2.96 million common shares at C$0.43 per LIFE share, led by Canaccord Genuity Corp. and Beacon Securities Ltd.
• Net proceeds will fund general corporate and working‑capital needs, with modest allocations to international expansion and Creator TV initiatives.

Key Details

• Gross proceeds: $1,272,800 (aggregate).
• Shares issued: 2,960,000 common shares under Ontario securities exemptions.
• Price per share: C$0.43 (LIFE share).
• Lead underwriters: Canaccord Genuity Corp.; Beacon Securities Ltd.
• Compensation to agents: $38,184 in cash commissions/fees; issuance of 88,800 common shares and 177,600 compensation warrants.
• Warrant terms: Each warrant exercisable for one common share at C$0.43 per share, valid until November 12, 2027, subject to TSX Venture Exchange approval.
• Use of proceeds: Primarily general corporate and working‑capital purposes; modest allocations toward further investments in Sabio’s international operations and Creator TV offerings.
• Regulatory filing: Offering document filed on SEDAR+ (Form 45‑106F19) and available on the company website.

Notable Quotes

(No direct quotes were provided in the release.)