Imperial Ginseng, One Bullion close $5.32M offering

Executive Summary

• Imperial Ginseng Products Ltd. and One Bullion Ltd. completed a brokered private placement of subscription receipts, raising gross proceeds of $5,326,202.
• The proceeds will fund the pending business combination between the two companies, support exploration activities, working capital, and general corporate purposes.
• Upon completion (expected ≈ Dec 16 2025), Imperial will consolidate shares 1:1.25, rename to One Bullion Ltd., and list on the TSX‑V under ticker OBUL.

Key Details

• Offering Structure:
• OBL issued 13,324,455 subscription receipts at $0.36 each → $4,796,803 gross proceeds.
• Imperial issued 1,470,553 subscription receipts at the same price → $529,399 gross proceeds.
• Use of Proceeds: Completion of the merger, exploration programs, working capital, and general corporate purposes.
• Escrow Arrangement: Net proceeds placed in escrow; released to the combined entity if release conditions are met by Dec 31 2025, otherwise returned pro‑rata to purchasers.
• Conversion Mechanics: Upon condition satisfaction, each subscription receipt converts into:
• One post‑consolidation common share of OBL or Imperial (as applicable).
• One common share purchase warrant exercisable at $0.48 per resulting issuer share for two years from issuance.
• Warrant Terms if Conditions Not Met: Cancellation of subscription receipts; purchasers receive no deduction or interest.
• Agent Compensation: Cash commission of $55,977 plus 211,049 compensation warrants to the agent/finders, each warrant granting the holder one resulting issuer share at an exercise price of $0.36 for two years post‑closing.
• Hold Periods (subject to securities legislation):
• OBL securities: hold until four months and one day after the later of Dec 10 2025 or OBL becoming a reporting issuer.
• Imperial securities: hold until April 11 2026.
• Transaction Timeline: Expected completion on or about Dec 16 2025; post‑completion, Imperial will rename to One Bullion Ltd. and list on the TSX‑V (Tier 2) under ticker OBUL.

Notable Quotes

(No direct quotes were provided in the release.)