Parvis Announces Second Tranche of Convertible Debenture Financing

Executive Summary

• Parvis Invest Inc. announced the closing of a second tranche of its unsecured convertible debenture private placement, raising an additional C$300,000 (US ≈ $300k).
• Upon completion, total proceeds from the offering will equal $600,000, to be used for general working capital and expansion of its technology platform.
• The debentures bear 10% annual interest, mature in 24 months, and are convertible at a fixed price of $0.20 per common share; they are subject to a four‑month‑plus statutory hold period and TSXV approval.

Key Details

• Offering Structure: Non‑brokered private placement of unsecured convertible debentures (the “Debentures”).
• Second Tranche Size: Gross proceeds of C$300,000.
• Total Offering Proceeds: $600,000 aggregate after both tranches.
• Interest Rate: 10% per annum.
• Maturity: 24 months from issuance date, unless converted earlier.
• Conversion Terms: Holder may convert at a fixed price of $0.20 per common share; conversion subject to TSXV approval and compliance with its pricing/reservation requirements.
• Statutory Hold Period: Four months and one day from the issuance date.
• Closing Conditions: Final closing contingent on receipt of TSXV approval; no finders’ fees or commissions were paid.
• Use of Proceeds: General working capital and corporate purposes, including continued development and expansion of Parvis’s technology platform and investment product offerings.

Notable Quotes

(No executive quotes included in the release.)