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Financings

Riwi closes $1-million loan facility with Pathfinder

By The Northwire Desk — AI Analysis Sep 15, 2025 · 23:24 RIWI · 0.40 Riwi Corp
RIWI · Price

Executive Summary

  • Riwi Corp. has closed a $1-million working capital loan facility with insider lender Pathfinder Asset Management Ltd.
  • The transaction includes a significant loan bonus paid in equity, resulting in the issuance of 400,000 common shares.
  • The loan is exempt from minority approval requirements under MI 61-101 as the transaction value is less than 25% of the company's market capitalization.

Key Details

  • Loan Principal: $1,000,000 CAD.
  • Lender: Pathfinder Asset Management Ltd. (Insider/Non-arm's-length party).
  • Term: Two years.
  • Interest Rate: 12% per annum.
  • Repayment Terms: Principal due and payable on maturity; interest payable semi-annually.
  • Loan Bonus: $200,000 CAD (representing 20% of the loan value).
  • Bonus Settlement: Satisfied by issuing 400,000 Riwi common shares to the lender.
  • Deemed Price Per Share: $0.50 CAD.
  • Use of Proceeds: Working capital management, general corporate purposes, and supporting growth toward profitability.
  • Regulatory Status: Exempt from minority approval and formal valuation requirements under Multilateral Instrument 61-101 (MI 61-101) pursuant to sections 5.5(a) and 5.7(a), as the fair market value is not more than 25% of the company's market capitalization.
Read the original news release →

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