Carrier Connect Data Solutions Inc. Announces Closing of Private Placement

Executive Summary

• Carrier Connect Data Solutions Inc. closed a non‑brokered private placement of 833,333 units at $0.90 per unit, raising gross proceeds of $749,999.70.
• Each unit consists of one common share and one‑half of a transferable warrant to purchase an additional share at $1.35 up to December 23, 2027.
• Proceeds are earmarked for working capital and general corporate purposes; units are restricted from resale until April 24, 2026.

Key Details

• Units Issued: 833,333 (each = 1 common share + 0.5 warrant)
• Price per Unit: $0.90
• Total Gross Proceeds: $749,999.70
• Warrant Terms: Each whole warrant allows purchase of one additional common share at an exercise price of $1.35 per share; warrants are exercisable until December 23, 2027.
• Resale Restrictions: All securities subject to resale restrictions until April 24, 2026 in accordance with applicable securities laws.
• Use of Proceeds: Expected to be applied to working capital and general corporate purposes.
• Finder Fees: None paid.

Notable Quotes

“Mark Binns,” CEO – No direct quote provided; the release is signed on behalf of the Board of Directors.