Ineo Tech arranges $500,000 private placement

Executive Summary

• Ineo Tech Corp. announced a non‑brokered private placement of up to $500,000 by issuing up to 12.5 million shares at C$0.04 per share.
• Net proceeds are earmarked for working capital and general corporate purposes, including inventory, product/engineering development, and sales & marketing initiatives.
• The offering may close in one or more tranches, includes customary finders’ fees or warrants, and all securities will be subject to a four‑month plus one‑day statutory hold period.

Key Details

• Offering Size: Up to $500,000 gross proceeds.
• Shares Offered: Up to 12.5 million common shares.
• Price per Share: C$0.04.
• Use of Proceeds: Working capital; inventory and deployments; product/engineering development; sales and marketing initiatives supporting growth plans.
• Closing Conditions: Subject to customary conditions, including acceptance by the TSX Venture Exchange; may close in one or more tranches.
• Finders’ Compensation: Company may pay cash finders’ fees and/or issue finders’ warrants in accordance with TSX‑V policies.
• Statutory Hold Period: Four months plus one day from each applicable closing date.
• Insider Participation: Coenda Investments Holdings Ltd. has a right, under a settlement agreement dated May 27 2025, to participate; must notify by Oct 15 2025. Other insiders may also participate.
• Related‑Party Transaction: Any insider participation will be treated as a related‑party transaction under MI 61‑101 but is expected to be exempt from formal valuation and minority shareholder approval because the consideration does not exceed 25 % of market capitalization.

Notable Quotes

(No executive quotes were provided in the release.)