Talent Infinity closes $1.44-million private placement

Executive Summary

• Talent Infinity Resource Developments Inc. has closed its previously announced non-brokered LIFE (Listed Issuer Financing Exemption) private placement, raising gross proceeds of $1,448,927.
• The company issued 14,489,274 units at $0.10 per unit, with net proceeds designated for general corporate and working capital purposes.
• The release also serves to correct an error in a previous news release regarding the effective date of an earn-in option agreement, clarifying it as Feb. 3, 2026, rather than June 4, 2025.

Key Details

• Financing Structure: Non-brokered listed issuer financing exemption (LIFE) private placement.
• Units Issued: 14,489,274 units.
• Price: $0.10 per unit.
• Gross Proceeds: $1,448,927.
• Warrant Terms: Each unit includes one common share purchase warrant. Each whole warrant is exercisable for one additional common share at an exercise price of $0.15 per share.
• Warrant Expiry: 24 months from the date of issuance.
• Lock-up Period: Warrants are not exercisable for 60 days following closing.
• Use of Proceeds: General corporate and working capital purposes.
• Insider Participation: Insiders acquired an aggregate of 1.2 million units. This constitutes a related-party transaction under Multilateral Instrument 61-101.
• Insider Hold Period: Securities issued to insiders are subject to a hold period of four months and one day.
• Regulatory Status: The offering is subject to final acceptance from the exchange. No finders' fees or warrants were paid.
• Correction of Prior Release: The effective date of the earn-in option agreement referenced in the Feb. 3, 2026 release was incorrectly stated as June 4, 2025. The correct effective date is Feb. 3, 2026. A corrected agreement will be filed on SEDAR+.

Notable Quotes

• None provided in the text.