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Financings

Prophecy Defi arranges $600,000 private placement

By The Northwire Desk — AI Analysis Feb 02, 2026 · 17:49 PDFI · 0.23 Prophecy Defi Inc
PDFI · Price

Executive Summary

  • Prophecy Defi Inc. announced a non-brokered private placement to raise up to $600,000 by issuing up to 5,000,000 units.
  • Each unit is priced at $0.12 and consists of one common share and one common share purchase warrant.
  • The warrants are exercisable into one additional common share at $0.20 per share for a period of five years.

Key Details

  • Total Proceeds: Up to $600,000
  • Units Issued: Up to 5,000,000 units
  • Price Per Unit: $0.12
  • Unit Composition: One common share and one common share purchase warrant
  • Warrant Terms:
    • Exercisable into one additional common share
    • Exercise Price: $0.20 per share
    • Duration: Five years from the closing date
  • Use of Proceeds: Working capital and other general and administrative costs
  • Hold Period: Four months from the date of issue for all securities issued
  • Conditions: Closing is subject to receipt of all necessary corporate and regulatory approvals
  • Fees: A finder's fee may apply to a portion of the proceeds raised

Notable Quotes

  • None provided in the text.
Read the original news release →

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