Inspiration Energy Announces Closing of Fully Subscribed Private Placement

Executive Summary

• Inspiration Energy Corp. closed a fully‑subscribed non‑brokered private placement, raising $200,000 in gross proceeds from the sale of 4,000,000 units at $0.05 per unit.
• Each unit consists of one common share and one transferable warrant allowing purchase of an additional share at $0.06 for up to 36 months after closing.
• Proceeds will be used for general working capital; no finders’ fees were paid and the shares are subject to a four‑month‑plus‑one‑day hold period.

Key Details

• Offering size: 4,000,000 units sold at $0.05 per unit → gross proceeds of $200,000.
• Unit composition: 1 common share + 1 transferable common share purchase warrant.
• Warrant terms: Right to purchase one additional common share at an exercise price of $0.06 per share; exercisable for a 36‑month period after the closing date.
• CSE price protection obtained for securities issued under the offering.
• Use of proceeds: General working capital purposes.
• Finders’ fees: None paid.
• Hold period: Shares issued are subject to a four‑month and one‑day hold period per Canadian securities law.

Notable Quotes

(No CEO/President quotes were included in the release.)