Northwire Canada EditionWednesday, July 15, 2026
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Financings

Cizzle Brands closes final tranche of private placement

By The Northwire Desk — AI Analysis Jul 15, 2025 · 20:53 CZZL · 0.39 Cizzle Brands Corp
CZZL · Price

Executive Summary

  • Cizzle Brands Corp. has closed the second and final tranche of its non-brokered private placement, bringing total gross proceeds to $4,501,682.
  • The offering was oversubscribed, with insiders and employees contributing over $500,000 of the total capital raised.
  • Proceeds will be used for working capital and general corporate purposes, with specific fees paid to finders.

Key Details

  • Total Gross Proceeds: $4,501,682.
  • Second Tranche Details:
    • Units Issued: 9,796,340 units.
    • Price Per Unit: $0.36 CAD.
    • Gross Proceeds: ~$3,526,682.
  • First Tranche Details:
    • Closed: July 10, 2025.
    • Units Issued: 2,708,331 units.
    • Price Per Unit: $0.36 CAD.
    • Gross Proceeds: $975,000.
  • Warrant Terms: Each unit includes one common share and one share purchase warrant. Each warrant allows the purchase of one additional share at $0.44 CAD for a period of 36 months from issuance.
  • Use of Proceeds: Primarily for working capital and general corporate purposes.
  • Finder’s Fees:
    • Cash Fee: $20,088.
    • Equity Fee: 70,611 units issued.
  • Insider/Employee Participation:
    • Insiders: 258,905 units for $93,205.80.
    • Employees: 1,255,556 units for $452,000.
    • Total Insider/Employee Contribution: >$500,000.
  • Regulatory Exemptions: The issuance is exempt from formal valuation and minority approval requirements under Multilateral Instrument 61-101 because the fair market value of the units is less than 25% of the company's market capitalization.

Notable Quotes

  • "This financing marks another important milestone for us as we continue to elevate the game in health and wellness and sports nutrition. Not only does it reflect investor confidence in our strategy with the offering oversubscribed, it also demonstrates our team's belief in our business with executives and employees investing over $500,000 in the round. We're focused, aligned and energized to keep driving revenues while maintaining industry leading gross margins." — John Celenza, Founder, Chairman and CEO
Read the original news release →

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