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Financings

eXeBlock arranges $2.4-million private placement

By The Northwire Desk — AI Analysis Jun 04, 2026 · 23:12 XBLK eXeBlock Technology Corp
XBLK · Price

Executive Summary

  • eXeBlock Technology Corp. has arranged a non-brokered private placement of subscription receipts to raise up to $2.4 million CAD, concurrent with its proposed acquisition of Aitenders.
  • The transaction is expected to constitute a "fundamental change" under Canadian Securities Exchange Policy 8, resulting in a trading halt for eXeBlock shares until the transaction completes.
  • Subscription receipts will convert into common shares of the resulting issuer, Aitenders Technologies Inc., upon satisfaction of escrow release conditions, with gross proceeds held in escrow pending completion.

Key Details

  • Financing Structure: Non-brokered private placement of subscription receipts.
  • Gross Proceeds: Up to $2.4 million CAD.
  • Price: 58.33 cents per subscription receipt.
  • Transaction Context: Financing is concurrent with the proposed share acquisition of Aitenders, announced on Dec. 23, 2025.
  • Conversion Terms: Each subscription receipt automatically converts into one common share of Aitenders Technologies Inc. for no further consideration, without action by holders, upon satisfaction of escrow release conditions.
  • Escrow Arrangement: Gross proceeds held in escrow by the subscription receipt agent. If conditions are not satisfied or waived within the specified period, proceeds are returned to subscribers.
  • Agent Compensation:
    • Agent: Numus Capital Corp. (registered exempt market dealer).
    • Cash Fee: 7% of proceeds raised.
    • Compensation Warrants: Issued to the agent, entitling them to purchase shares equal to 7% of the subscription receipts from investors introduced by the agent.
    • Warrant Exercise Price: 58.33 cents per share.
    • Warrant Term: 24 months from closing.
  • Regulatory Status:
    • Transaction constitutes a fundamental change per CSE Policy 8.
    • Shares of eXeBlock are halted from trading until determined by the exchange (likely until transaction completion).
    • Securities issued are subject to a four-month-and-one-day hold period.
    • Subject to necessary approvals, including exchange approval.

Notable Quotes

  • None provided in the text.
Read the original news release →

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