Trail Blazer sees Juno increase financing to $10M

Mr. Alnesh Mohan reports TRAIL BLAZER CAPITAL CORP. ANNOUNCES UPSIZING OF JUNO INDUSTRIES INC.'S SUBSCRIPTION RECEIPT FINANCING TO $10,000,000 Further to Trail Blazer Capital Corp.'s news release dated March 25, 2026, Juno Industries Inc. has upsized its non-brokered concurrent financing from $7-million to $10-million. Juno will be offering up to 12.5 million subscription receipts at a price of 80 cents per subscription receipt for total gross proceeds of up to $10-million. Each subscription receipt will, prior to the effective time of the company's acquisition of 100 per cent of the shares of Juno through the amalgamation of Juno with a wholly owned subsidiary of the company, automatically convert into such number of Juno shares that will result in the holder receiving one common share in the capital of Trail Blazer (following a consolidation on a one-for-six basis) in connection with the completion of the proposed transaction, for no additional consideration upon the satisfaction of certain escrow release conditions. Upon completion of the proposed transaction, the company expects that it will be listed as a Tier 2 industrial, technology and life science issuer on the exchange. The net proceeds from the upsized financing will be used to finance various corporate initiatives, mergers and acquisitions, and general corporate purposes of the resulting issuer following the completion of the proposed transaction. In connection with the upsized financing, Juno will pay finders' fees of up to 5 per cent of the gross proceeds of the upsized financing and will issue finders' warrants of up to 5 per cent of the number of subscription receipts issued under the upsized financing, each of which will be exercisable at a price of 80 cents for a period of 24 months from the completion of the proposed transaction. Additional information concerning the proposed transaction is included in the company's news release dated March 25, 2026. About Juno Industries Inc. Juno Industries is a defence technology company with a mission to re-establish Canadian dynamism by building a leading modern defence prime. Juno Industries is focused on developing and deploying advanced autonomous robotic systems, artificial-intelligence-native command and control software, and persistent sensor fabrics to strengthen Canadian and allied national security, sovereignty and defence capabilities by harnessing Canadian technical talent and innovation. Juno Industries is co-founded by former minister of national defence Harjit Sajjan and technology entrepreneur Hunter Scharfe. About Trail Blazer Capital Corp. The company is designated as a capital pool company under TSX Venture Exchange Policy 2.4. The company has not commenced commercial operations and has no assets other than cash. The company's objective is to identify and evaluate businesses or assets with a view to completing a qualifying transaction. Any proposed qualifying transaction must be approved by the exchange and, in the case of a non-arm's-length qualifying transaction, must also receive majority approval of the minority shareholders. Until the completion of a qualifying transaction, Trail Blazer will not carry on any business other than the identification and evaluation of businesses or assets with a view to completing a proposed qualifying transaction. Completion of the proposed transaction is subject to a number of conditions, including, but not limited to, exchange acceptance and, if applicable pursuant to exchange requirements, majority of the minority shareholder approval. Where applicable, the proposed transaction cannot close until the required shareholder approval is obtained and the outstanding conditions are satisfied. There can be no assurance that the proposed transaction will be completed as proposed or at all. Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the proposed transaction, any information released or received with respect to the proposed transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative. We seek Safe Harbor.