BEACN Announces $700,000 Non-Brokered Private Placement

Executive Summary

• BEACN Wizardry & Magic Inc. announced a non‑brokered private placement of up to 6,086,957 common shares at C$0.115 per share, targeting gross proceeds of up to C$700,000.
• Proceeds are earmarked to accelerate B2B and B2C sales, fund strategic inventory purchases, support R&D on new products, and provide general working capital.
• The offering is exempt from formal valuation and minority‑shareholder approval under NI 61‑101; closing is subject to TSX Venture Exchange approvals and may occur in multiple tranches.

Key Details

• Offering Size: Up to 6,086,957 common shares.
• Price per Share: C$0.115.
• Maximum Gross Proceeds: Approximately C$700,000.
• Use of Proceeds:
  1. Accelerate B2B and B2C sales initiatives.
  2. Support strategic inventory purchases of current and new products.
  3. Continue research & development of new products.
  4. General working capital.
• Regulatory Exemptions: Exempt from formal valuation and minority‑shareholder approval requirements under NI 61‑101 because neither the fair market value nor consideration exceeds 25 % of market cap.
• Closing Conditions: Subject to receipt of all necessary regulatory approvals, including TSX Venture Exchange (TSXV) clearance; may be completed in more than one tranche.
• Material Change Reporting: A material change report will be filed regarding director/officer participation, potentially less than 21 days before closing.
• CEO Comment: Kevin Alexander noted the funding “allows the company to move towards stable and profitable growth” after a challenging year with global trade volatility and increased U.S. tariffs.

Notable Quotes

“BEACN has weathered a challenging year with volatility in global trade and increased US Tariffs yet continued to invest in strengthening its product roadmap and marketing strategy. This funding opportunity allows the company to move towards stable and profitable growth.” – Kevin Alexander, CEO