Agereh cancels one placement, arranges another

Executive Summary

• Agereh Technologies Inc. has cancelled its previously announced non-brokered private placement and instead announced a new proposed private placement for up to $500,000 in gross proceeds.
• The new offering involves the issuance of up to 7,407,407 units at 6.75 cents per unit, with each unit comprising one common share and one warrant exercisable at 9 cents for 24 months.
• The company also announced the grant of 400,000 stock options to directors, with half vesting immediately and the remainder vesting on January 1, 2026.

Key Details

• Cancellation of Previous Offering: The company will not proceed with the non-brokered private placement previously announced on August 27 and October 14, 2025.
• New Private Placement Structure:
  • Aggregate Gross Proceeds: Up to $500,000.
  • Units Issued: Up to 7,407,407 units.
  • Price Per Unit: 6.75 cents.
  • Composition: Each unit consists of one common share and one common share purchase warrant.
  • Warrant Terms: Each warrant is exercisable to purchase one additional unit share at a price of 9 cents.
  • Warrant Expiry: 24 months from the date of issuance.
  • Regulatory Basis: Offered pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 in all Canadian provinces except Quebec.
  • Resale Restrictions: None; units and underlying securities are not subject to resale restrictions under applicable Canadian securities laws.
  • Conditions: Subject to necessary approvals, including conditional approval of the TSX Venture Exchange.
• Stock Option Grant:
  • Total Options: 400,000 stock options granted to directors.
  • Exercise Price: 12 cents per share.
  • Term: Five years from issuance.
  • Vesting Schedule:
    • 200,000 options vest immediately.
    • 200,000 options vest on January 1, 2026.
  • Conditions: Subject to approval by the TSX Venture Exchange where necessary.
• Offering Documentation: An offering document will be filed on SEDAR+ and the company website.