Rumbu shareholders approve all resolutions at AGM

Executive Summary

• Rumbu Holdings Ltd. held its annual and special shareholder meeting on January 14, 2026, where shareholders approved the auditor (KMSS LLP), the current slate of directors, and the stock option plan.
• The company announced an amended and improved term sheet from principal lender Bank of Montreal.
• Rumbu announced a non-brokered private placement of up to 2 million units at $1.00 per unit, raising up to $2 million in gross proceeds for general working capital and the acquisition of additional funeral homes.

Key Details

• Shareholder Meeting Results:
  • Date: January 14, 2026.
  • Approved KMSS LLP as the company auditor.
  • Approved the current slate of directors.
  • Approved the company's stock option plan.
• Bank Facility:
  • Received an amended and improved term sheet from Bank of Montreal (principal lender).
• Private Placement Details:
  • Structure: Non-brokered private placement of up to 2,000,000 units.
  • Unit Composition: Each unit consists of one common share and one common share purchase warrant.
  • Price: $1.00 per unit.
  • Gross Proceeds: Up to $2,000,000.
  • Warrant Terms: Each warrant, together with $1.40, allows the holder to acquire one additional common share.
  • Warrant Expiry: 12 months from the closing date.
  • Use of Proceeds: General working capital, including the acquisition of additional funeral homes.
  • Closing Conditions: Subject to corporate and regulatory approvals, including the TSX Venture Exchange.
  • Anticipated Closing Date: On or around February 27, 2026.
  • Finder’s Fees: 6% in cash and 6% in warrants to registered dealers or finders.
  • Exemption: Listed issuer financing exemption under Part 5A of National Instrument 45-106.
  • Jurisdictions: All Canadian provinces (except Quebec), United States, and limited international investors.
  • Trading Status: Units will be immediately free-trading under applicable Canadian securities laws; US residents may face additional trading restrictions.

Notable Quotes

• No direct quotes from the CEO/President were included in the provided text.