Trail Blazer Capital Corp. Announces Upsizing of Juno Industries Inc.'s Subscription Receipt Financing to $10,000,000

Executive Summary

• Juno Industries Inc. upsized its non‑brokered concurrent financing from $7 M to $10 M, offering up to 12.5 million subscription receipts at $0.80 each.
• The gross proceeds of up to $10 M will fund corporate initiatives, M&A activity, and general corporate purposes for the post‑transaction Trail Blazer Capital Corp. (the “Resulting Issuer”).
• Subscription receipts automatically convert into Juno shares that will become one common share of Trail Blazer (post 6:1 consolidation) upon completion of the proposed acquisition/amalgamation.

Key Details

• Upsized Financing Amount: $10,000,000 (up from $7,000,000).
• Subscription Receipts: Up to 12,500,000 units at $0.80 per unit.
• Conversion Mechanics: Each receipt converts into a number of Juno shares that will ultimately result in the holder receiving one Trail Blazer common share on a post‑6:1 consolidation basis, contingent upon escrow release conditions and completion of the Proposed Transaction (amalgamation of Juno with a wholly‑owned subsidiary of Trail Blazer).
• Use of Proceeds: Funding various corporate initiatives, mergers & acquisitions, and general corporate purposes of the Resulting Issuer after the transaction closes.
• Finder’s Fees: Up to 5% of gross proceeds payable to finders.
• Finder’s Warrants: Up to 5% of the number of subscription receipts issued; exercisable at $0.80 per share for a period of 24 months from completion of the Proposed Transaction.
• Proposed Transaction Outcome: Trail Blazer expects to be listed as a Tier 2 Industrial, Technology & Life Sciences issuer on the TSX Venture Exchange after the amalgamation and subsequent 6:1 share consolidation.

Notable Quotes

• “The net proceeds from the Upsized Financing will be used to fund various corporate initiatives, mergers and acquisitions, and general corporate purposes of the Resulting Issuer following the completion of the Proposed Transaction.” – Alnesh Mohan, CEO, Trail Blazer Capital Corp.