Prophecy DeFi Announces Unit Offering

Executive Summary

• Prophecy DeFi Inc. announces a private placement to raise up to $350,000 by issuing up to 7,000,000 units at $0.05 per unit.
• Each unit consists of one common share and one warrant exercisable for an additional share at $0.10 for five years.
• Proceeds will be used for working capital and general & administrative expenses; securities are subject to a four‑month hold period.

Key Details

• Offering Size: Up to $350,000 total gross proceeds.
• Units Offered: Up to 7,000,000 units at $0.05 per unit.
• Unit Composition: 1 common share + 1 common share purchase warrant.
• Warrant Terms: Each warrant allows purchase of one additional common share at $0.10; exercisable for five years from closing date.
• Hold Period: All securities issued will be subject to a four‑month hold period from the date of issue.
• Use of Proceeds: Working capital and other general & administrative costs.
• Regulatory Conditions: Closing subject to receipt of all necessary corporate and regulatory approvals.
• Finder’s Fee: May apply to a portion of proceeds raised under the private placement.

Notable Quotes

(No direct quotes were provided in the release.)