Braille Energy arranges $350,000 private placement

Executive Summary

• Braille Energy Systems Inc. announced a non-brokered private placement intended to raise up to $350,000 in gross proceeds, pending TSX Venture Exchange acceptance.
• The company will issue up to 7 million units at $0.05 per unit, with all proceeds designated for general working capital.
• Each unit comprises one common share and one full common share purchase warrant exercisable at $0.055 per share for a five-year term.

Key Details

• Financing Structure: Non-brokered private placement
• Quantity of Units: Up to 7,000,000 units
• Price per Unit: $0.05
• Gross Proceeds: Up to $350,000
• Warrant Terms: Each unit includes one full common share purchase warrant; warrants entitle the holder to purchase one additional common share at an exercise price of $0.055 per share for a period of five years from the date of issuance.
• Use of Proceeds: General working capital purposes
• Insider Participation: Certain company insiders may participate; expected to be exempt from formal valuation and minority shareholder approval requirements under Multilateral Instrument 61-101, as insider participation is not anticipated to exceed 25% of the company's market capitalization.
• Statutory Hold Period: 4 months and 1 day from the date of issuance, per applicable securities laws and TSX-V policies.
• Regulatory & Transaction Costs: Subject to TSX Venture Exchange acceptance; finders' fees may be paid in accordance with TSX-V policies.