Resverlogix Closes $2.8 Million Shares-for-Interest Private Placement

Executive Summary

• Resverlogix Corp. closed a CAD $2.8 million shares‑for‑interest private placement with an immediate family member of the Chairman/CEO.
• The Subscriber purchased 28,000,000 common shares at CAD $0.10 per share, representing ~9.7% of outstanding common equity post‑transaction.
• Shares are subject to a four‑month hold period; the transaction also settled accrued interest owed to Zenith Capital Corp.

Key Details

• Transaction Structure: Shares‑for‑interest private placement; no cash exchanged for shares, but CAD $2.8 M of accrued interest was assigned to the Subscriber.
• Price & Proceeds: CAD $0.10 per share; total proceeds CAD $2.8 million.
• Share Count: 28,000,000 common shares issued.
• Ownership Impact: Post‑closing, the Subscriber holds approximately 9.7% of Resverlogix’s common shares.
• Hold Period: Shares subject to a four‑month lock‑up.
• Related Debt Settlement: The placement coincided with settlement of CAD $2.8 million accrued interest owed by Resverlogix to Zenith Capital Corp., transferred to the Subscriber.
• Regulatory Notice: Securities not registered under U.S. securities laws; offering restricted to non‑U.S. persons or compliant exemptions.

Notable Quotes

(No executive quotes were included in the release.)