Right Season amends $1.2M placement to issue debentures

Executive Summary

• Right Season Investments Corp. has revised the terms of its non-brokered private placement of unsecured convertible debentures, originally announced on August 29, 2025.
• The offering has been increased to up to 800 debentures with aggregate gross proceeds of up to $1.2 million.
• The debentures carry a 5.45% annual interest rate, mature on June 30, 2026, and are convertible into company units at a price of $0.07 per unit.

Key Details

• Instrument: Up to 800 unsecured convertible debentures.
• Issue Price: $1,500 per debenture.
• Gross Proceeds: Up to $1.2 million.
• Conversion Terms: Each debenture is convertible into units at a price of $0.07 per unit.
• Unit Composition: Each unit consists of one common share and 0.6 (six-tenths) of a common share purchase warrant.
• Warrant Terms: Each warrant entitles the holder to purchase one additional common share at $0.07 per warrant share for a period of 48 months from the date of issue.
• Interest Rate: 5.45% per annum, payable in cash quarterly in arrears.
• Accrual: Unpaid interest payments accrue and are added to the principal amount of the debenture.
• Maturity Date: June 30, 2026.
• Redemption: Redeemable at 101% of face value at any time after the closing date.
• Use of Proceeds: Pursuit of potential investment opportunities and general working capital purposes.
• Finders' Fees: The company may pay finders' fees and/or issue finders' warrants on the same terms as the warrants to eligible parties who assisted in introducing subscribers.
• Administrative Fee: The company intends to issue shares equal to 1.0% of the total units issued upon conversion of the debentures to an arm's-length third party as an administrative fee for assistance with the offering.
• Regulatory Conditions: Completion is subject to TSX Venture Exchange approval. All securities are subject to a four-month-and-one-day statutory hold period. Offered pursuant to exemptions from prospectus requirements.