PesoRama Announces First Closing of Equity Financing

Executive Summary

• PesoRama Inc. completed the first closing of its $5 M equity financing, raising $3.5 M by selling 14 M units at $0.25 each.
• Each unit includes one common share and one warrant to purchase an additional share at $0.40 for 18 months; accelerated‑warrant provisions were disclosed.
• Net proceeds are earmarked for store expansion and working capital, with a second tranche expected to close next week pending TSXV approval.

Key Details

• Units sold: 14 000 000 units @ $0.25 per unit → gross proceeds $3,500,000.
• Offering size: Total target $5 M; first closing $3.5 M; second tranche pending (expected next week).
• Unit composition: 1 common share + 1 common‑share purchase warrant.
• Warrant terms: Exercise price $0.40 per share; exercisable for 18 months from Jan 20 2026 (60 days after closing); acceleration possible if TSXV price ≥ $0.60 VWAP for ten consecutive trading days, with a press‑release notice triggering a new expiry 30 days later.
• Finder compensation: Cash commission $210 000; issuance of 840 000 non‑transferable finder warrants (each convertible into one unit at $0.25) exercisable until May 21 2027.
• Use of proceeds: Store expansion and working capital.
• Regulatory notes: Units issued under the listed issuer financing exemption (LIFE) per NI 45‑106; offering subject to final TSXV approval; no U.S. solicitation.

Notable Quotes

(No direct quotes were included in the release.)