Inspiration Energy Arranges $200,000 Financing

Executive Summary

• Inspiration Energy Corp. announced a non‑brokered private placement to raise up to $200,000 by selling up to 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 36 months after closing.
• Net proceeds will be used for general working capital; shares will be subject to a four‑month plus one‑day hold period under Canadian securities law.

Key Details

• Offering Size: Up to 4,000,000 units for aggregate gross proceeds of $200,000.
• Unit Price: $0.05 per unit.
• 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; exercisable for 36 months after the closing date.
• Use of Proceeds: General working capital purposes.
• Closing Conditions: Subject to receipt of all required regulatory and other approvals.
• Hold Period: Units subject to a four‑month and one‑day hold period per Canadian securities law.

Notable Quotes

(No executive quotes were provided in the release.)