Rumbu Holdings Announces Successful Shareholder Meeting, Improved Bank Facility and Private Placement

Executive Summary

• Rumbu Holdings Ltd. announced a non‑brokered private placement of up to 2,000,000 Units (each Unit = 1 Common Share + 1 Common Share Purchase Warrant) at $1.00 per Unit for total gross proceeds of $2 million.
• The Company received an amended and improved term sheet from its principal lender, the Bank of Montreal.
• Proceeds will be used for general working capital, including the acquisition of additional funeral homes; closing is expected around February 27 2026.

Key Details

• Units Offered: Up to 2,000,000 Units (1 Common Share + 1 Warrant per Unit).
• Pricing: $1.00 per Unit → Gross Proceeds: $2,000,000.
• Warrant Terms: Each warrant, together with an additional $1.40 cash payment, allows the holder to purchase one extra Common Share for a period of 12 months from the closing date.
• Use of Proceeds: General working capital and acquisition of additional funeral homes.
• Closing Date: Anticipated on or about February 27 2026 (subject to customary conditions and regulatory approvals).
• Financing Structure: Private placement made under the Listed Issuer Financing Exemption (NI 45‑106 Part 5A); Units will be “free‑trading” immediately after issuance.
• Dealer/ Finder Compensation: Company prepared to pay 6% cash and 6% Warrants to registered dealers or finders in accordance with TSXV policies.
• Lender Update: Received an amended and improved term sheet from the Bank of Montreal, its principal lender (no specific terms disclosed).
• Regulatory Notes: Offering subject to corporate and regulatory approvals, including TSX Venture Exchange clearance; Units sold to U.S. investors may face additional trading restrictions.

Notable Quotes

(No direct quotes were provided in the release.)