PesoRama Announces Final Closing of $5 Million Equity Financing

Executive Summary

• PesoRama Inc. completed the final closing of its equity offering, raising a total gross proceeds of $5,000,000.
• The offering consisted of 20,000,000 Units sold at $0.25 per Unit; the final closing contributed 6,000,000 Units for $1,500,000.
• Net proceeds are earmarked for store expansion across Mexico and working capital, with a cash commission up to $105,000 and issuance of finder warrants.

Key Details

• Offering Structure: Each Unit includes one common share and one common‑share purchase warrant (exercise price $0.40 per share).
• Pricing & Quantity: 20,000,000 Units at $0.25 each; total gross proceeds $5,000,000.
• Closing Breakdown:
• First closing (Nov 21 2025) – 14,000,000 Units under the listed issuer financing exemption (LIFE).
• Final closing (Nov 28 2025) – 6,000,000 Units issued via private placements to accredited investors in Canada and the U.S., gross proceeds $1,500,000.
• Finder Compensation: Cash commission up to $105,000; issuance of up to 420,000 non‑transferable finder warrants (exercisable into one Unit at $0.25) valid through May 29 2027.
• Warrant Terms: Holders may acquire common shares at $0.40 per share for 18 months from Jan 27 2026; acceleration provision if TSXV price ≥ $0.60 for ten consecutive trading days.
• Use of Proceeds: Primarily for expansion of the JOI DOLLAR PLUS store network and general working capital.
• Regulatory Conditions: Closing remains subject to final approval by the TSX Venture Exchange (TSXV).
• Related‑Party Transaction Disclosure: Insiders subscribed for 400,000 Units; reliance on MI 61‑101 exemptions as insider participation is ≤ 25% of market capitalization.

Notable Quotes

“We continue to gain momentum with our continually expanding offering of product and store openings and this financing will further fuel our expansion plans,” – Rahim Bhaloo, CEO & Chairman, PesoRama Inc.