Tablas Ventures closes financing, debt settlement

Executive Summary

• Tablas Ventures Corp. closed a non‑brokered private placement, raising $101,250 by issuing 900,000 common shares at $0.1125 per share.
• The company settled $95,865 of liabilities (including $55,857.31 to LP2017 and $40,008.07 to a service provider) by issuing 852,136 additional common shares at the same deemed price.
• Post‑transaction, total outstanding common shares are 10,312,734, with controlling shareholder LP2017 holding approximately 40.46 % of the equity.

Key Details

• Private Placement: 900,000 common shares issued @ $0.1125 per share → gross proceeds $101,250; no finders’ fees payable.
• Debt Settlement: $95,865 total liabilities settled via issuance of 852,136 common shares @ $0.1125 per share.
• $55,857.31 owed to Emprise Special Opportunities Fund (LP2017) settled by issuing 496,509 shares to LP2017.
• $40,008.07 owed to an arm’s‑length accounting service provider settled by issuing remaining shares.
• Hold Period: All shares issued in the financing and settlement are subject to a lock‑up expiring June 6, 2026.
• Share Count Post‑Transaction: 10,312,734 common shares issued and outstanding.
• Related Party Loans: LP2017 previously lent $60,000 total (three loans on July 31, Oct 24, Oct 27 2025) at 10 % annual interest, due on demand.
• Ownership Impact:
• Prior to settlement, LP2017 owned 3,675,846 shares (≈42.94 %).
• After settlement, LP2017 owns 4,172,355 shares (≈40.46 %).
• Regulatory Note: No material change report filed >21 days before closing due to late finalization of related‑party participation; exemption relied upon for insider participation under MI 61‑101.

Notable Quotes

(No direct quotes provided in the release.)