ImagineAR Announces $700,000 Non-Brokered Private Placement

Executive Summary

• ImagineAR Inc. announced a non‑brokered private placement of up to 23,333,333 Units at $0.03 per Unit, targeting gross proceeds of up to $700,000.
• Each Unit consists of one common share and one non‑transferable warrant to purchase an additional share at $0.05 for 36 months; all securities will carry a four‑month hold period plus one day.
• Net proceeds are earmarked for general working capital, operations, legal expenses, and sales/marketing activities.

Key Details

• Units Offered: Up to 23,333,333 Units at $0.03 per Unit.
• Gross Proceeds Target: Up to $700,000.
• Unit Composition:
• 1 common share of ImagineAR Inc.
• 1 non‑transferable warrant to purchase one additional common share at $0.05 per share.
• Warrant Terms: Exercise price $0.05; exercisable for 36 months from the closing date of the offering.
• Legends/Restrictions: All securities issued will be subject to a hold period of four (4) months and one day from issuance.
• Regulatory Conditions: Completion contingent upon receipt of required approvals, including Canadian Securities Exchange approval.
• Use of Proceeds: General working capital; funding for operations, legal costs, and sales/marketing of the AR platform.
• Securities Law Notice: Units are not registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States except pursuant to an exemption or registration.

Notable Quotes

Alen Paul Silverrstieen, President & CEO: “The capital raised will accelerate our growth initiatives, expand our sales and marketing reach, and support ongoing product development for our AR‑as‑a‑Service platform.”