GOAT Industries Closes Final Tranche Of Private Placement

Executive Summary

• GOAT Industries Ltd. completed the final tranche of its non‑brokered private placement, raising C$3,360,513.30 (total aggregate proceeds now C$5,379,713.10).
• The offering consisted of 11,201,711 units at C$0.30 per unit; each unit includes one common share and half a warrant to purchase an additional share at $0.45 for two years.
• Net proceeds will fund the previously announced acquisition of BETSource (1509467 B.C. Ltd. and Vroom, Inc.), support BETSource’s expansion, enable future investments, and cover general corporate purposes.

Key Details

• Units sold: 11,201,711 units @ C$0.30 per unit → Gross proceeds: C$3,360,513.30.
• Aggregate gross proceeds (including first tranche): C$5,379,713.10.
• Unit composition: 1 common share + ½ of a common‑share purchase warrant (full warrant allows purchase of one additional share at $0.45).
• Warrant terms: Exercise price $0.45 per share; exercisable for two years from issuance.
• Use of proceeds:
• Funding acquisition of BETSource (1509467 B.C. Ltd. and Vroom, Inc.).
• Expansion and development of BETSource’s business.
• Future investment opportunities.
• General corporate and administrative purposes.
• Finder’s fees paid: C$64,869.00 to qualified non‑related parties.
• Broker warrants issued: 216,230 broker warrants (each for ½ common share at C$0.45, two‑year term).
• Statutory hold period: All securities subject to a four‑month plus one‑day hold period from issuance.

Notable Quotes

(No executive quotes were included in the release.)