Futr investor Paterson acquires 700,000 units

Executive Summary

• G. Scott Paterson acquired 700,000 units of The Futr Corp. at $0.30 per unit as part of a private placement financing.
• The total private placement involved the issuance of 20 million units for gross proceeds of $6 million.
• Following the acquisition, Mr. Paterson’s beneficial ownership increased to 8,974,103 common shares, representing 7.3% of outstanding shares on a non-diluted basis and 9.5% on a partially diluted basis.

Key Details

• Acquirer: G. Scott Paterson (Shareholder)
• Transaction Type: Acquisition of units via private placement triggering an Early Warning Report under National Instrument 62-104.
• Units Acquired: 700,000 units.
• Price Per Unit: $0.30.
• Total Private Placement Size: 20,000,000 units.
• Gross Proceeds of Financing: $6,000,000.
• Pre-Acquisition Ownership: 8,274,103 common shares (~8.0% undiluted; ~10.3% partially diluted).
• Post-Acquisition Ownership: 8,974,103 common shares.
• Post-Acquisition Ownership Percentage: 7.3% on a non-diluted basis; 9.5% on a partially diluted basis.
• Dilution Assumptions: Partially diluted basis assumes exercise of 131,358 vested stock options and 2,847,826 warrants.
• Purpose of Acquisition: Investment purposes.
• Regulatory Filing: Early Warning Report filed pursuant to National Instrument 62-104; available on SEDAR+.