Pathfinder completes Parksville property refinancing

Executive Summary

• Pathfinder Ventures Inc. has completed the refinancing of its Parksville recreational vehicle resort property, removing restrictive covenants from its prior mortgage to gain greater strategic flexibility for acquisitions and development.
• The company is extending the closing of its previously announced non-brokered private placement of up to $2 million by 30 days, with an initial tranche expected to close within approximately 10 business days.
• The private placement involves the issuance of up to 40 million common shares at $0.05 per share, accompanied by non-transferable warrants, with net proceeds designated for working capital and development initiatives.

Key Details

• Parksville Refinancing:
  • Completed the refinancing of the RV resort property located at 380 Martindale Rd., Parksville, B.C.
  • The new facility replaces a prior mortgage that contained restrictive covenants, including lender approval rights over corporate indebtedness and rights of first refusal over company assets.
  • Removal of these restrictions provides Pathfinder with greater strategic flexibility to pursue acquisitions, development opportunities, and financing initiatives.
• Private Placement Extension:
  • Extending the closing of the non-brokered private placement (originally announced Jan. 20, 2026) for an additional 30 days.
  • New closing deadline: April 9, 2026.
  • Anticipates completing an initial tranche closing within approximately 10 business days, subject to receipt of subscriptions and TSX Venture Exchange approval.
• Private Placement Terms:
  • Structure: Up to 40 million common shares.
  • Price: $0.05 per share.
  • Gross Proceeds: Up to $2,000,000.
  • Warrants: Each share issued with 0.5 non-transferable common share purchase warrants.
  • Warrant Exercise Price: $0.10 per share.
  • Warrant Term: 36 months from the date of issuance.
  • Finders' Fees: May be payable in accordance with TSX Venture Exchange policies.
• Use of Proceeds:
  • General working capital purposes.
  • Continued development of the RV resort portfolio.
  • Advancement of acquisition opportunities, including modular housing communities.

Notable Quotes

• "With the closing of the new facility, these restrictions have been removed, providing Pathfinder with greater strategic flexibility to pursue acquisitions, development opportunities and financing initiatives."
• "The company believes the refinancing strengthens its financial position and supports its continuing initiatives in RV resort development and modular housing communities."