DR. PHONE FIX ANNOUNCES OVERSUBSCRIBED COMPLETION OF SECOND AND FINAL TRANCHE OF NON-BROKERED PRIVATE PLACEMENT FINANCING

Executive Summary

• Dr. Phone Fix Canada Corp. completed the second and final tranche of its private placement, issuing 8,892,352 units for gross proceeds of $1,333,852.80.
• Including the first tranche, total funds raised amount to $2,572,603.20, exceeding the original $2.5 M target and triggering an increase in the offering size.
• Net proceeds will be used to fund the company’s M&A growth strategy and general working capital, supporting a plan to double its retail store count from 35 to 70 within the next 12‑18 months.

Key Details

• Offering Size: Up to 16,666,667 units at $0.15 per unit (maximum gross proceeds of $2,500,000).
• Second Tranche Issuance: 8,892,352 units for $1,333,852.80 gross proceeds.
• Total Raised to Date: $2,572,603.20, surpassing the initial target and allowing an increase in the offering size.
• Unit Composition: Each unit = 1 common share + ½ common share purchase warrant.
• Warrant Terms: Warrants grant the right to purchase one share at $0.25 per share; exercisable for two years from issuance.
• Statutory Hold Period: All securities subject to a four‑month‑plus‑one‑day hold period under applicable securities laws.
• Finder Fees: 7% cash fee of gross proceeds plus warrants equal to 7% of units subscribed by finder‑introduced investors; broker warrants exercisable at $0.25 per share for two years.
• Use of Proceeds: Primarily to support the company’s disciplined M&A strategy and general working capital, including expansion of its national retail network (goal: increase stores from 35 to 70).
• Regulatory Condition: Completion remains subject to final acceptance by the TSX Venture Exchange (TSXV).

Notable Quotes

“The completion of this second tranche and the increased size of our private placement reflect strong investor confidence in our vision and execution,” said Piyush Sawhney, Chief Executive Officer.
“With this additional capital, we are going to continue executing on our disciplined M&A strategy and accelerate the expansion of our national retail network, with the clear intention of doubling our store count from 35 to 70 over the next 12 to 18 months.”