Northwire Canada EditionThursday, October 15, 2026
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Financings Routine +

Quizam Announces $150,000 Private Placement

Quizam Media Corp

Executive Summary
  • Quizam Media Corporation announced a non-brokered private placement on May 28, 2026.
  • Gross proceeds raised are $150,000 CAD (assumed currency based on typical TSX-V micro-cap context).
  • The offering consists of 3,000,000 units priced at $0.05 per unit.
  • Each unit includes a full share purchase warrant exercisable at $0.15 for a period of 24 months.
  • CEO Russ Rossi personally subscribed to 1,000,000 units (33% of the total placement).
  • Proceeds are designated for general working capital.
  • The deal is non-brokered with no bonuses, finders fees, commissions, or options paid to intermediaries.
Material Impact
  • Capital Raise Size: $150,000 is immaterial relative to the company's likely market cap and operational needs for a public entity. It does not fund major projects or acquisitions.
  • Pricing: The placement price of $0.05 is slightly above the recent closing price of $0.04 (May 27, 2026), indicating a minor premium rather than a discount dump. This is positive for existing shareholders regarding immediate dilution value.
  • Insider Participation: CEO Russ Rossi's subscription of $50,000 worth of units signals management confidence in the company's near-term stability. However, the absolute dollar amount is small and does not guarantee long-term solvency.
  • Warrant Dilution: The issuance of 3,000,000 warrants adds significant potential share count overhang. While currently out-of-the-money ($0.15 strike vs $0.04 price), they represent a future dilution risk if the stock rallies significantly.
  • Brokerage Structure: Non-brokered terms are favorable as no capital is lost to intermediaries, preserving more cash for operations compared to brokered deals which typically incur 7-8% fees.
QQ · Price
Company Overview
  • Company Name: Quizam Media Corporation.
  • Flagship Project: Not specified in provided news or data. The company operates in the media sector, likely focused on digital content or distribution given the name.
  • Development Status: No specific milestones regarding product launches or partnerships are detailed in the current release; focus is purely financial survival via working capital.
Read the original news release →

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