Liberty Announces Closing of Initial Tranche of Listed Issuer Financing Exemption (LIFE) Offering

Executive Summary

• Liberty Defense Holdings Ltd. closed the first tranche of a non‑brokered private placement, issuing 7,941,671 units at $0.22 per unit for gross proceeds of approximately $1.75 million.
• Each unit consists of one common share and one common‑share purchase warrant exercisable from March 2 2026 to December 31 2027 at $0.30 per share.
• Proceeds will be used to accelerate production of the company’s HEXWAVE technology and fulfill existing customer backlog.

Key Details

• Units sold: 7,941,671 units (each = 1 common share + 1 warrant).
• Price per unit: $0.22.
• Gross proceeds: ≈ $1,747,167.
• Warrant terms: Right to purchase one common share at an exercise price of $0.30; exercisable March 2 2026 – December 31 2027.
• Finder commissions paid: $78,136 in cash.
• Additional warrants issued: 356,162 non‑transferable warrants (exercise price C$0.30, exercisable until December 31 2027).
• Financing exemption: Completed under the listed issuer financing exemption (NI 45‑106 Part 5A) and Coordinated Blanket Order 45‑935; securities are not subject to a hold period in Canada.
• Use of proceeds: Fund further production of HEXWAVE technology, support rising demand, and deliver units already backlogged to customers.
• U.S. securities law disclaimer: Units are not registered under the U.S. Securities Act and may not be offered or sold in the United States except pursuant to an exemption or registration.

Notable Quotes

“The successful closing of this financing tranche provides us with the capital needed to scale production of our HEXWAVE technology and meet growing customer demand.” – Bill Frain, CEO & Director