Pathfinder Ventures Announces $2 Million Non-Brokered Private Placement

Executive Summary

• Pathfinder Ventures Inc. announced a non‑brokered private placement of 40 million common shares at $0.05 per share, targeting gross proceeds of $2 million.
• Each share is issued with half of a non‑transferable warrant allowing the holder to purchase an additional share at $0.10 for 36 months (subject to acceleration).
• Net proceeds are earmarked for general working capital, RV resort development, modular housing projects, and potential acquisitions.

Key Details

• Placement Size: 40,000,000 common shares.
• Price per Share: $0.05.
• Gross Proceeds Expected: $2,000,000.
• Warrant Allocation: One‑half (½) of one non‑transferable common share purchase warrant per share issued; each whole warrant permits purchase of one additional share at $0.10 for 36 months from issuance, with acceleration upon certain events.
• Use of Proceeds: General working capital; support ongoing RV resort developments and expansions; advance acquisition opportunities within the company’s pipeline, including modular housing communities.
• Regulatory Conditions: Completion subject to TSX Venture Exchange approval; finder’s fees may be payable per exchange policies.
• Signatory: Joe Bleackley – Chief Executive Officer & Director, on behalf of the Board of Directors.

Notable Quotes

(No direct quotes were provided in the release.)