Trustbix extends private placement closing to Sept. 2

Executive Summary

• Trustbix Inc. has been granted an extension by the TSX Venture Exchange to complete its previously announced non-brokered private placement.
• The company now has until September 2, 2025, to close the offering of up to 10 million units at $0.04 per unit, raising up to $400,000 in gross proceeds.
• The private placement remains subject to final acceptance by the TSX-V and all necessary regulatory approvals.

Key Details

• Transaction Structure: Non-brokered private placement of up to 10 million units.
• Price: $0.04 per unit.
• Gross Proceeds: Up to $400,000.
• Deadline for Closing: September 2, 2025.
• Unit Composition: Each unit consists of one common share and one common share purchase warrant.
• Warrant Terms:
  • Each warrant entitles the holder to purchase one common share at an exercise price of $0.08.
  • Warrants are exercisable for a period of two years from the date of closing.
  • Acceleration Clause: If the closing price of common shares equals or exceeds $0.12 for 20 consecutive trading days, Trustbix may accelerate the expiry date.
  • Acceleration Notice: Upon acceleration, the expiry date becomes 30 days after the press release announcing the acceleration; no further notification will be provided to subscribers.
• Use of Proceeds: General working capital purposes, specifically including the financing of inventory acquisition at scale to support continuing operations.
• Statutory Hold: Securities are subject to a statutory hold period of four months and one day following closing.
• Regulatory Exemptions: Sold under National Instrument 45-106 exemptions for accredited investors, employees, executive officers, directors, consultants, and existing securityholders.
• Previous Announcement: The private placement was initially announced on July 7, 2025.

Notable Quotes

• None provided in the text.