IC Group Holdings Inc. Successfully Closes Non-Brokered Private Placement Raising More Than $3,750,000

Executive Summary

• IC Group Holdings Inc. closed a non‑brokered private placement of 7,518,650 units at $0.50 per unit, raising gross proceeds of $3,759,325.
• Each unit consists of one common share and half of a non‑transferable warrant (full warrant exercisable at $0.65 for 30 months).
• Net proceeds will be used to accelerate sales & marketing initiatives, expand the RCS messaging ecosystem and Fannex platform, fund technology investments, strengthen working capital and support general corporate purposes.

Key Details

• Units Issued: 7,518,650 at $0.50 per unit → Gross Proceeds: $3,759,325.
• Unit Composition: 1 common share + ½ of a non‑transferable common share purchase warrant (full warrant = right to buy one additional share at $0.65).
• Warrant Terms: Exercise price $0.65 per share; exercisable for 30 months from issuance.
• Use of Proceeds:
• Scale high‑impact sales and marketing initiatives across business units.
• Targeted technology investments to expand/monetize next‑generation messaging ecosystem (RCS integration, Fannex platform expansion).
• Remaining funds for working capital and general corporate purposes.
• Finder’s Fees & Warrants: Paid $143,790 cash; issued 287,580 finder’s warrants exercisable at $0.50 per share for 30 months.
• Insider Participation: Insiders purchased 1,130,000 units (related‑party transaction under MI 61‑101). Exemptions relied upon as fair market value ≤25% of market cap; material change report to be filed.
• Planned Shareholder Debt Conversion: Up to $200,000 of debt may be converted at a deemed price of $0.50 per common share, resulting in issuance of up to 400,000 common shares (subject to TSX V exchange acceptance and statutory hold periods).
• Statutory Hold Period: All securities issued are subject to a hold period expiring four months and one day from the date of issuance.
• Underwriting: No underwriter engaged; offering supported by Canaccord Genuity’s small‑cap specialist group.

Notable Quotes

(No direct quotes were provided in the release.)