Braille Energy closes $300,000 private placement

Executive Summary

• Braille Energy Systems Inc. announced the closing of a non-brokered private placement of 6 million units for gross proceeds of $300,000, alongside the conversion of a $150,000 loan by CEO Lindsay Weatherdon into 3 million units.
• The private placement units were priced at $0.05 per unit, with each unit comprising one common share and one non-transferable warrant exercisable at $0.08 per share.
• The loan conversion was initiated on October 27, 2025, converting debt into equity at the same price point as the private placement, subject to regulatory approval.

Key Details

• Private Placement Details:
  • Closed a non-brokered private placement of 6,000,000 units.
  • Price: $0.05 per unit.
  • Gross Proceeds: $300,000.
  • Investors: Accredited investors and directors of the company in Ontario and British Columbia.
  • Hold Period: 4 months and 1 day from the date of issue.
• Warrant Terms (Private Placement):
  • Each unit includes one non-transferable common share purchase warrant.
  • Exercise Price: $0.08 per common share.
  • Term: 24 months from closing.
  • Acceleration Clause: If the share price on TSX Venture Exchange equals or exceeds $0.20 for 10 consecutive trading days (after a 4-month hold period), the company may accelerate expiry, giving holders 30 days to exercise.
• Finder’s Fees:
  • Cash Fee: $10,200.
  • Warrants Issued: 204,000 broker warrants.
  • Broker Warrant Exercise Price: $0.10 per common share.
  • Broker Warrant Term: 24 months from issuance.
  • Broker Warrants are subject to the same acceleration clause as the investor warrants.
• Insider Subscription:
  • Insiders subscribed for up to 2,000,000 units.
  • Insider Gross Proceeds: $100,000.
  • Exemption: Exempt from Multilateral Instrument 61-101 valuation and minority shareholder approval requirements as the consideration does not exceed 25% of market capitalization.
• Loan Conversion:
  • Date Initiated: October 27, 2025.
  • Initiator: CEO and Director Lindsay Weatherdon.
  • Loan Amount Converted: $150,000.
  • Equity Issued: 3,000,000 units.
  • Conversion Price: $0.05 per unit.
  • Warrant Terms: Each unit includes one common share purchase warrant with an exercise price of $0.08 per share for a period of two years.
  • Hold Period: Expires February 28, 2026.
  • Status: Subject to regulatory or TSX-V approval.