Global UAV closes $219,999 private placement

Executive Summary

• Global UAV Technologies Ltd. has closed a non-brokered private placement and a related debt settlement, raising gross proceeds of approximately $220,000 and settling over $1.26 million in debt through the issuance of equity units.
• The transaction involved the issuance of 2,095,238 units for cash and 12,059,753 units for debt settlement, totaling 14,154,991 new units at a price of 10.5 cents per unit.
• Shareholder approval was obtained on February 2, 2026, and the proceeds are designated for general working capital purposes.

Key Details

• Financing Structure: Non-brokered private placement closed on February 12, 2026.
• Cash Proceeds: Aggregate gross proceeds of $219,999.99 from the issuance of 2,095,238 units.
• Debt Settlement: Settlement of outstanding indebtedness totaling $1,266,274.26 owed to certain creditors.
• Debt Settlement Consideration: Satisfaction of debt through the issuance of 12,059,753 units at a deemed price of 10.5 cents per unit.
• Total Units Issued: 14,154,991 units (2,095,238 for cash + 12,059,753 for debt).
• Price Per Unit: 10.5 cents.
• Warrant Terms: Each unit consists of one common share and one share purchase warrant. Each warrant allows the holder to acquire one additional share at an exercise price of 13.5 cents for a period of two years from the closing date.
• Use of Proceeds: General working capital purposes.
• Finders' Fees: None paid.
• Shareholder Approval: Obtained via written consent resolution on February 2, 2026, from a majority of holders excluding related parties.
• Lock-up Period: All securities are subject to a statutory hold period expiring four months and one day after closing.
• Related Party Transactions: Timothy Ko (Director) and a corporation owned by CEO Ron Schmitz participated in the financing. The transactions are exempt from valuation and minority shareholder approval requirements under MI 61-101 Section 5.5(b) and 5.7(a) respectively.

Notable Quotes

• No direct quotes from the CEO or President were included in the provided text.