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Financings

Pardus Ventures closes second tranche of financing

By The Northwire Desk — AI Analysis Mar 13, 2026 · 19:25 PDVN Pardus Ventures Inc
PDVN · Price

Executive Summary

  • Pardus Ventures Inc. has closed the second tranche of its previously announced non-brokered private placement of subscription receipts, raising an additional $500,000.
  • This closing is a condition precedent to the completion of Pardus's proposed acquisition of EGL Technology Holdings Co. Ltd., which will constitute a qualifying transaction under TSX Venture Exchange Policy 2.4.
  • Upon completion, the combined entity will be renamed and focus on EGL Holdings' smart locker solutions business in Vietnam; trading in Pardus shares remains halted until the transaction closes.

Key Details

  • Financing Structure: Non-brokered private placement of subscription receipts.
  • Second Tranche Details:
    • Issued 10 million subscription receipts.
    • Gross proceeds of $500,000.
  • Aggregate Financing:
    • Combined with the first tranche (closed Dec. 9, 2025), Pardus has raised an aggregate of $2 million.
    • Total subscription receipts issued: 40 million.
  • Finder’s Fee:
    • Cash commission of 5.0% of gross proceeds from introduced persons.
    • Total fee amount: $20,000.
    • Fee deposited in escrow with Computershare, to be released upon satisfaction/waiver of escrow release conditions.
  • Hold Period: Subscription receipts and underlying common shares are subject to a hold period expiring on July 14, 2026.
  • M&A Transaction:
    • Target: EGL Technology Holdings Co. Ltd. (EGL Holdings).
    • Structure: Acquisition of all issued and outstanding common shares of EGL Holdings.
    • Regulatory Status: Expected to constitute a qualifying transaction under TSX Venture Exchange Policy 2.4 (Capital Pool Companies).
    • Post-Transaction Focus: The combined entity will advance EGL Holdings' business as a leading smart locker solutions provider and operator based in Vietnam.
  • Trading Status: Trading in Pardus shares is currently halted and will remain halted until completion of the transaction.

Notable Quotes

  • No direct quotes from executives were included in the provided text.
Read the original news release →

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