Northwire Canada EditionFriday, October 23, 2026
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Financings

Anonymous Intelligence extends, increases LIFE offering

ANON · Price

Executive Summary

  • Anonymous Intelligence Company Inc. has extended the closing date of its non-brokered private placement under the Listed Issuer Financing (LIFE) exemption to November 24, 2025, and increased the offering size by $200,000 to accommodate additional investor demand.
  • The amended LIFE offering now consists of up to 2.5 million units at $0.20 per unit, with a total potential gross proceeds of $725,000 including the overallotment option.
  • Proceeds are intended for product development, marketing, cryptocurrency initiatives via the SimpliiCrypto platform, and general working capital.

Key Details

  • Offering Structure: Up to 2.5 million units at a price of $0.20 per unit.
  • Gross Proceeds: Base proceeds of up to $500,000.
  • Overallotment Option: Option for an additional 1,125,000 units for gross proceeds of up to $225,000.
  • Total Potential Proceeds: $725,000.
  • Unit Composition: Each unit consists of one common share and one common share purchase warrant.
  • Warrant Terms:
    • Each warrant entitles the holder to acquire one additional common share.
    • Exercise price: $0.25 per share.
    • Term: 24 months from closing.
    • Acceleration Clause: If common shares trade at or above $0.50 for 10 consecutive trading days on the Canadian Securities Exchange, the company may accelerate warrant expiry with 30 days' notice.
  • Regulatory Basis: Listed Issuer Financing (LIFE) exemption under Part 5A of National Instrument 45-106.
  • Resale Restrictions: Securities issued are not subject to resale restrictions under applicable Canadian securities laws.
  • Use of Proceeds: Product development, marketing, rebranding, investor communications, cryptocurrency assets, cryptocurrency initiatives through SimpliiCrypto platform, general and administrative expenses, and working capital.
  • Insider Participation: Certain insiders may participate, constituting a related-party transaction. The company relies on exemptions from formal valuation and minority shareholder approval requirements under MI 61-101 as the fair market value of securities acquired by insiders will not exceed 25% of the company's market capitalization.
  • Conditions Precedent: Completion remains subject to final approval of the Canadian Securities Exchange.
  • Documentation: An updated LIFE offering document reflecting amended terms is available on SEDAR+ and the company website.

Notable Quotes

  • None provided in the text.
Read the original news release →

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