Talent Infinity Announces $475,000 Non-Brokered Private Placement

Executive Summary

• Talent Infinity Resource Developments Inc. (CSE: TICO) announced a non‑brokered private placement of up to 9,500,000 “Non‑FT Units” at $0.05 per unit, targeting gross proceeds of up to $475,000.
• Each unit consists of one common share and one warrant to purchase an additional common share at $0.075 for two years, with acceleration provisions if the VWAP exceeds $0.35 for 10 consecutive days.
• Proceeds will be used for general working‑capital purposes; a hold period of four months + 1 day applies to the securities.

Key Details

• Offering Size: Up to 9,500,000 Non‑FT Units (hard dollar units).
• Price per Unit: $0.05 (aggregate gross proceeds up to $475,000).
• Unit Composition:
• 1 Common Share of TICO.
• 1 Common Share purchase warrant (“Warrant”).
• Warrant Terms:
• Exercise price: $0.075 per common share.
• Term: 2 years from closing date, subject to acceleration.
• Acceleration trigger: VWAP > $0.35 for 10 consecutive days; expiry may be accelerated to no less than 30 days after notice.
• Hold Period: Securities subject to a lock‑up of four months plus one day from issuance.
• Use of Proceeds: General working capital.
• Finder’s Fees: May be paid in connection with the offering (amount not disclosed).
• Regulatory Notes:
• Offering is non‑brokered, private placement; securities are not registered under the U.S. Securities Act and may not be offered or sold in the United States absent exemption.
• The release includes standard forward‑looking statements and disclaimer language.

Notable Quotes

No executive quotes were provided in the release.