Beacn Wizardry arranges $700,000 private placement

Executive Summary

• Beacn Wizardry & Magic Inc. announced a non-brokered private placement of up to 6,086,957 common shares at $0.115 per share, raising up to $700,000 in gross proceeds.
• The offering is exempt from Multilateral Instrument 61-101 valuation and minority shareholder approval requirements, with a material change report to be filed regarding director and officer participation.
• Proceeds will be allocated to accelerate B2B and B2C sales initiatives, support strategic inventory purchases, fund research and development, and provide general working capital.

Key Details

• Transaction Structure: Non-brokered private placement.
• Security: Common shares of Beacn Wizardry & Magic Inc.
• Quantity: Up to 6,086,957 shares.
• Price: $0.115 per share.
• Gross Proceeds: Up to $700,000.
• Regulatory Exemption: Exempt from formal valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 because the fair market value of securities issued to related parties and the consideration for such securities will not exceed 25% of the company's market capitalization.
• Use of Proceeds:
  1. Accelerate B2B and B2C sales initiatives.
  2. Support strategic inventory purchases of current and new products.
  3. Continue research and development of new products.
  4. General working capital.
• Closing Conditions: Subject to receipt of all necessary regulatory approvals, including the TSX Venture Exchange.
• Tranches: The company may close the offering in more than one tranche.
• Filing Timeline: A material change report will be filed potentially less than 21 days in advance of closing to allow for expeditious completion of the offering.

Notable Quotes

• "Beacn has weathered a challenging year with volatility in global trade and increased U.S. tariffs yet continued to invest in strengthening its product road map and marketing strategy. This funding opportunity allows the company to move towards stable and profitable growth," noted Kevin Alexander, chief executive officer of Beacn.