INEO Tech Corp. Closes Non-Brokered Private Placement

Executive Summary

• INEO Tech Corp. closed a private placement financing of $239,600, on the same terms previously disclosed.
• Net proceeds will be allocated to working capital, ongoing customer deployments, and product development.
• All securities are subject to a four‑month‑plus‑one‑day hold period; no finders’ fees were paid and final TSX Venture Exchange acceptance remains pending.

Key Details

• Financing Amount: $239,600 closed on previously announced terms.
• Use of Proceeds: Working capital, general corporate purposes, support for ongoing customer deployments, and product development.
• Securities Hold Period: Four months and one day in accordance with TSX Venture Exchange policies.
• Finders’ Fees: None paid in connection with the financing.
• Regulatory Status: Securities not registered under U.S. securities laws; offering not permitted in the United States without exemption or registration.
• Closing Conditions: Final acceptance by the TSX Venture Exchange subject to customary post‑closing filings.

Notable Quotes

“The successful closing of this financing provides us with the capital needed to accelerate our product roadmap and expand deployments for our retail media and loss‑prevention solutions,” – Kyle Hall, CEO & Director.