Ynvisible closes $577,000 first tranche of placement

Executive Summary

• Ynvisible Interactive Inc. has closed the first tranche of its non-brokered private placement, raising gross proceeds of $577,000.
• The company received conditional acceptance from the TSX Venture Exchange and issued 5.77 million units at 10 cents per unit.
• The private placement is expected to conclude with additional tranches within the next two weeks, including broker DAP subscriptions and potential insider participation.

Key Details

• Transaction Structure: Non-brokered private placement of units.
• Units Issued (First Tranche): 5.77 million units.
• Price Per Unit: $0.10 CAD.
• Gross Proceeds: $577,000 CAD.
• Warrant Terms: Each unit includes one transferable common share purchase warrant. Warrants are exercisable into one additional common share at an exercise price of $0.14 per share.
• Warrant Expiry: Three years from the date of closing of the first tranche.
• Use of Proceeds: Working capital and general corporate purposes.
• Statutory Hold Period: Expires on July 26, 2026.
• Extension Granted: TSX-V granted a 30-day extension to conclude the private placement until April 24, 2026.
• Future Tranches: Anticipated to close within the next two weeks; will include subscriptions from broker Delivery Against Payment (DAP).
• Finder’s Fees: The company intends to pay finder’s fees on certain subscribers in additional tranches, as permitted by TSX-V policies.
• Insider Participation: Insiders may participate in additional tranches, constituting a related party transaction under Multilateral Instrument 61-101. The company relies on exemptions from valuation and minority shareholder approval requirements as the transaction value does not exceed 25% of market capitalization.

Notable Quotes

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