CanPR Technology Ltd. Announces Board Resignation and Provides Corporate Update

Executive Summary

• CanPR Technology Ltd. announced the resignation of Director Jay Wilgar, effective June 22, 2026, while providing a material update on its ongoing non-brokered private placement.
• The company is proceeding with a private placement of up to 17,150,000 units at $0.035 per unit, targeting aggregate gross proceeds of up to $600,250, expected to close in the near term subject to regulatory approvals.
• Proceeds will be allocated to strategic growth initiatives, including sales and marketing expansion, platform enhancement, business development, and general working capital.

Key Details

• Director Resignation: Mr. Jay Wilgar resigned from the Board of Directors as of June 22, 2026.
• Financing Structure: Non-brokered private placement of up to 17,150,000 units (each, a "Unit").
• Offering Price: $0.035 per Unit.
• Gross Proceeds: Up to $600,250.
• Closing Status: Expected to close in the near term, subject to customary closing conditions and applicable regulatory approvals (including TSX Venture Exchange approval).
• Use of Proceeds Allocation:
  • Expansion of sales and marketing initiatives across Canada and key international markets.
  • Enhancement of the employer marketplace and newcomer services ecosystem.
  • Strategic business development initiatives, including partnerships and potential acquisitions.
  • General working capital and corporate purposes (approximately 30% of gross proceeds).
• Restrictions: No gross proceeds will be allocated to payments to Non-Arm's Length Parties or persons conducting Investor Relations Activities.
• Previous Disclosure: This offering was previously disclosed in a press release dated May 27, 2026.

Notable Quotes

• Akshat Soni, CEO: "On behalf of the entire CanPR team, I would like to sincerely thank Jay for his commitment, professionalism, and contributions to the Company. His insight and support have been greatly appreciated during an important stage of our growth. We wish him every success in his future endeavors and look forward to seeing all that he accomplishes."