Artrari One Capital Corp. Announces Private Placement Financing and Debt Settlement

Executive Summary

• Artrari One Capital Corp. announced a non‑brokered private placement of up to 4,492,440 common shares at $0.02 per share, targeting gross proceeds of up to $89,848.80.
• The company also entered into a debt settlement agreement to extinguish $10,232 of outstanding indebtedness by issuing shares at the same $0.02 price.
• Approximately 90% of net proceeds will be used to pay outstanding invoices (legal, audit fees) and the remainder for general working capital as the corporation pursues its Qualifying Transaction.

Key Details

• Offering Size: Up to 4,492,440 common shares.
• Price per Share: $0.02.
• Gross Proceeds Target: $89,848.80 (maximum).
• Use of Proceeds: ~90% for payment of outstanding invoices (legal & audit fees); balance for general working capital to support pursuit of a Qualifying Transaction.
• Hold Period: Shares issued are subject to a four‑month plus one‑day hold period under Canadian securities law.
• Regulatory Conditions: Offering pending TSX Venture Exchange approval and other required regulatory clearances.
• Insider Participation: CFO Jeffrey Snowdon intends to subscribe for 1.92% of the offering and convert $1,921 of debt; participation qualifies as a related‑party transaction but will rely on exemption thresholds (≤25% market cap).
• Debt Settlement Amount: $10,232 of outstanding indebtedness settled by issuing shares at a deemed price of $0.02 per share.
• Hold Period for Debt Settlement Shares: Same four‑month hold period as the private placement shares.
• No Finder’s Fees: The corporation does not anticipate paying any finders’ fees in connection with the offering.

Notable Quotes

(None provided in the release)