Financings

SLEEPING GIANT CAPITAL CORP. ANNOUNCES PRIVATE PLACEMENT OF DEBENTURE UNITS

By The Northwire Desk — AI Analysis Nov 26, 2025 · 16:45 SSX · 0.03 Sleeping Giant Capital Corp.

SSX · Price

Sleeping Giant Capital Corp. announced a non‑brokered private placement of up to 350 debenture units at $1,000 each, targeting gross proceeds of up to $350,000 with an expected closing around December 14, 2025.
Each unit consists of one secured convertible debenture (12% annual interest) and 20,000 common share purchase warrants exercisable at $0.05 per share for five years.
Net proceeds will be used for general working capital and corporate purposes; insiders have committed to purchase $180,000 of the units.

Offering Size: Up to 350 Debenture Units → $350,000 gross proceeds.
Price per Unit: $1,000.
Closing Date: Expected on or about December 14, 2025.
Unit Composition:
One $1,000 principal amount secured convertible debenture.
20,000 common share purchase warrants (exercise price $0.05 per share, five‑year term).
Convertible Debenture Terms:
Interest rate 12% per annum; payable in shares at market price or cash if TSXV does not accept share payment.
Maturity Date: 12 months from issuance; principal and accrued interest automatically convert to shares at a conversion price of $0.05 per share.
Automatic conversion also triggered prior to any change‑of‑control, reverse takeover, or similar “Conversion Event” at the same $0.05 price.
Security: Debentures are secured by a general security agreement over all corporate assets; pari passu ranking with other debentures.
Listing: Warrants and resulting shares will be listed on the TSX Venture Exchange; the securities themselves will not be listed.
Resale Restriction: Four‑month plus one‑day lock‑up period following issuance, per Canadian securities law and TSXV policies.
Insider Participation: Officers, insiders, and/or directors may purchase up to $180,000 of units; such participation is exempt from MI 61‑101 valuation and minority shareholder approval requirements.
Use of Proceeds: General working capital and corporate purposes.

(No direct quotes were provided in the release.)

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