FintechWerx Announces Closing of Non-brokered Private Placement

Executive Summary

• FintechWerx International Software Services Inc. completed a non‑brokered private placement of 223,214 units at $1.12 per unit, raising gross proceeds of $249,999.68 on January 15, 2026.
• Each unit consists of one common share and one common‑share purchase warrant (exercisable at $1.39 per share for two years).
• Proceeds are earmarked for general working capital, research & development, and sales/marketing support of the FintechWerx platform.

Key Details

• Units Issued: 223,214 units @ $1.12 each → $249,999.68 gross proceeds.
• Unit Composition: 1 common share + 1 warrant per unit.
• Warrant Terms: Right to purchase one additional share at $1.39 per share; exercisable for two years post‑closing.
• Closing Date: January 15, 2026.
• Use of Proceeds: General working capital, R&D, and sales & marketing activities for the FintechWerx platform.
• Finder’s Fees: None paid in connection with the offering.
• Statutory Hold Period: Securities subject to a hold period expiring four months + one day after closing.
• Related‑Party Participation: Insiders participated; transaction qualifies as a “related party transaction” under MI 61‑101 but is exempt from valuation and minority‑shareholder approval requirements.
• Regulatory Filings: No material change report filed 21 days prior, as terms were not settled at that time.

Notable Quotes

(No executive quotes provided in the release.)