Plurilock arranges $3-million debenture financing

Mr. Ian Paterson reports PLURILOCK ANNOUNCES SUCCESSFUL COMMITTED OFFERING OF $3 MILLION STRATEGIC INVESTMENT TO ACCELERATE GROWTH Plurilock Security Inc. intends to complete a non-brokered private placement of $3-million through the issuance of 10-per-cent unsecured convertible debenture units with a strategic investor. The debenture is comprised of 3,000, $1,000 convertible debentures, convertible at the option of the holder at a price of 23 cents for a period of three years from the date of issue and 4,000 common share purchase warrants exercisable at a price of 25 cents for a period of three years from the date of issue. The total number of common shares issuable upon conversion of the debenture is 13,043,478 common shares and an additional 12 million common shares issuable upon exercise of the warrants. The debentures will bear interest at a rate of 10 per cent per annum, which is payable in common shares at the election of the company based on the 10-day VWAP (volume-weighted average price) at the time of the interest payment, subject to the policies of the TSX Venture Exchange. The proceeds from the offering will be used to accelerate Plurilock's growth initiatives, expand its critical services business and strengthen working capital. "This strategic investment provides growth capital from a long-term partner who understands our market and mission," said Ian L. Paterson, chief executive officer of Plurilock. "It allows us to accelerate execution on key growth priorities, including expanding our critical services offerings, scaling internationally and driving toward profitability." The debenture is subject to customary closing conditions. All securities issued under the offering will be subject to a four-month-and-one-day statutory hold period from the date of issuance, in accordance with applicable securities laws. About Plurilock Security Inc. Plurilock is a services-led, product-enabled, AI-native cybersecurity company that solves complex cyber problems in high-stakes environments where failure is not an option. Trusted by Five-Eyes governments, North Atlantic Treaty Organization-aligned agencies, and Global 2000 enterprises, the company defends critical infrastructure and safeguards the systems that power modern life. The company's critical services division delivers operational resilience through unmatched expertise, proprietary IP and AI-driven playbooks. We seek Safe Harbor.