SALTIRE CAPITAL LTD. ANNOUNCES FINAL CLOSING OF PRIVATE PLACEMENT

Executive Summary

• Saltire Capital Ltd. announced the final closing of the non-brokered portion of its previously announced private placement, raising additional capital to fund the acquisition of SanStone Investments Limited.
• The company issued 69,618 common shares at $11.78 per share, generating $820,100.04 in gross proceeds from this specific tranche.
• The total aggregate gross proceeds from the entire private placement now stand at $3,908,816.04, resulting from the issuance of 331,818 common shares.

Key Details

• Transaction Structure: Non-brokered private placement of common shares.
• Offering Price: $11.78 per Common Share.
• Final Closing Details (Non-Brokered Portion):
  • Shares Issued: 69,618 Common Shares.
  • Gross Proceeds Raised: $820,100.04.
• Aggregate Private Placement Totals:
  • Total Shares Issued: 331,818 Common Shares.
  • Total Gross Proceeds: $3,908,816.04.
• Related Party Transaction: CEO Andrew Clark purchased 2,122 Common Shares for $24,997.16.
• Regulatory Exemptions: The transaction is exempt from formal valuation and minority shareholder approval requirements under Multilateral Instrument 61-101 (MI 61-101) because the related party participation does not exceed 25% of the Company's market capitalization.
• Use of Proceeds: Net proceeds will indirectly fund a portion of the cash purchase price for the previously completed acquisition of SanStone Investments Limited.
• Lock-up Period: All securities are subject to a statutory hold period of four months plus one day from the date of issuance.

Notable Quotes

• No direct quotes from the CEO or President were included in the text of this release.