Lightspeed Discoveries arranges $300,000 financing

Executive Summary

• Lightspeed Discoveries Inc. announced it will not proceed with the previously proposed financing terms from July 3, 2025.
• The company plans a private placement of up to 20 million shares at $0.015 per share, targeting gross proceeds of $300,000.
• Proceeds are earmarked for general working capital; no single use exceeds 10 % of the total amount.

Key Details

• The revised terms of the earlier financing announced on July 3, 2025 have been abandoned.
• Private placement size: up to 20 million common shares.
• Offering price: $0.015 per share (1.5 cents).
• Expected gross proceeds: $300,000.
• Placement is subject to NEX policies and TSX Venture Exchange (TSX‑V) approval under Policy 4.1, Private Placements.
• All securities issued will carry a statutory hold period of four months plus one day from issuance, per Canadian securities legislation.
• Use of proceeds: general working capital; no specific use accounts for 10 % or more of gross proceeds, and funds will not be used for investor‑relations activities or payments to non‑arm’s‑length parties.
• A finder's fee may be payable in cash and/or non‑transferable warrants, subject to TSX‑V policies and corporate approvals.

Notable Quotes

(No executive quotes were provided in the release.)