Scryb closes $1.47-million private placement

Executive Summary

• Scryb Inc. closed an oversubscribed non‑brokered private placement, issuing 14,709,700 units at $0.10 per unit for gross proceeds of $1.47 million.
• Each unit includes one common share and half a warrant; warrants are exercisable at $0.18 per share for 18 months.
• Proceeds will be used for general working capital; the securities are subject to a four‑month plus one day hold period.

Key Details

• Units Issued: 14,709,700 (up from original up‑to‑6 M units announced Sep 17 2025; upsized to up‑to‑15 M on Sep 19 2025).
• Price per Unit: $0.10.
• Gross Proceeds: $1,470,970.
• Unit Composition: 1 common share + ½ of a common share purchase warrant.
• Warrant Terms: Exercise price $0.18 per share; exercisable for 18 months from issuance.
• Use of Proceeds: General working capital purposes.
• Hold Period: Securities subject to a hold period of four months plus one day from closing, per Canadian securities law and CSE policies.
• Finder Compensation: Cash fee up to 7 % of gross proceeds paid to eligible finders – total cash $36,733; additionally, 469,700 finder warrants issued (7 % of units sold via those finders) with the same exercise terms as above.
• Insider Participation: Insiders purchased an aggregate of 5.56 million units, constituting a related‑party transaction under MI 61‑101. The company relied on exemptions from valuation and minority shareholder approval requirements; no material change report was filed 21 days prior to closing because insider participation details were unknown at that time.

Notable Quotes

No executive quotes provided in the release.