Syntheia Announces Closing of the Final Tranche of Private Placement

Executive Summary

• Syntheia Corp. closed the final tranche of its non‑brokered private placement, raising $237,000 in gross proceeds.
• The offering consisted of 1,975,000 units at $0.12 per unit, each unit containing one common share and one warrant exercisable at $0.16 until October 6 2030 (with accelerated expiry provisions).
• Proceeds will be used for working capital and general corporate purposes; the transaction involved a related‑party component but complied with MI 61‑101 exemptions.

Key Details

• Units Issued: 1,975,000 units @ $0.12 per unit → $237,000 gross proceeds.
• Unit Composition: 1 common share + 1 warrant per unit.
• Warrant Terms: Exercise price $0.16; expiry Oct 6 2030; accelerated expiry if VWAP > $0.20 for 20 consecutive trading days (notice and press release required). Unexercised warrants expire at the end of any accelerated exercise period.
• Hold Period: All securities subject to a four‑month plus one day hold period from issuance, in accordance with applicable resale rules.
• Use of Proceeds: Working capital and general corporate purposes.
• Related Party Transaction: Insiders subscribed for 250,000 units (~12.7% of total). Company relied on MI 61‑101 exemptions (sections 5.5(b) & 5.7(1)(a)) as it is not listed on a specified market and insider participation ≤ 25% of market cap. No material change report filed 21 days prior; deemed reasonable to close the offering promptly.
• Regulatory Notices: Offering not an offer or solicitation in the United States; securities not registered under U.S. Securities Act.

Notable Quotes

• “The successful closing of this financing provides us with essential capital to advance our AI platform development and support ongoing corporate initiatives,” – Tony Di Benedetto, CEO.