Innovotech makes strategic investments to expand analytical laboratory services and offers an unsecured convertible debenture for $200,000.

Executive Summary

• Innovotech Inc. announced an unsecured convertible debenture offering of up to $200,000 with an 8% annual interest rate, payable quarterly.
• The debenture matures 60 months after closing and may be converted at $0.25 per common share at the holder’s option.
• Proceeds will fund expansion of Keystone Labs’ analytical laboratory services, including purchase of advanced equipment for hazardous drug testing and other regulated market capabilities.

Key Details

• Offering Size: Up to $200,000 principal amount.
• Instrument: Unsecured convertible debenture; interest 8% per annum, paid quarterly in cash.
• Maturity: 60 months from the closing date of the offering.
• Conversion Price: $0.25 per common share (partial or full conversion permitted at any time before maturity).
• Use of Proceeds: Expand analytical services via Keystone Labs division; purchase state‑of‑the‑art laboratory equipment for hazardous drug testing and broader analytical/identification capabilities.
• Related Party Participation: A single related party will be the sole participant, qualifying for exemptions under MI 61-101 (consideration ≤ 25% of market cap; fair market value ≤ $2.5 M). No finder’s fees applicable.
• Warrant Exercise Notice: The related party intends to exercise 384,615 share purchase warrants at $0.17 per share, originally issued in a private placement closed on 2024‑11‑06 for total consideration of $65,384.55.
• Management Addition: Jeff Kelly hired to lead analytical testing equipment sales and service, supporting the company’s growth into regulated analytical markets.

Notable Quotes

“These investments mark a pivotal step in Innovotech’s evolution,” said Craig Milne, CEO of Innovotech Inc. “We see strong potential to extend our deep integration in our clients’ product development activities into adjacent analytical markets, where regulatory rigor and data integrity are driving demand.”