Talent Infinity Resource Developments Inc. Announces Closing of LIFE Offering and Provides Update on Earn-In Option Agreement

Executive Summary

• Talent Infinity Resource Developments Inc. closed its non‑brokered listed issuer financing exemption private placement (“LIFE Offering”), issuing 14,489,274 units at $0.10 per unit for gross proceeds of $1,448,927.
• Each unit consists of one common share and one common share purchase warrant exercisable at $0.15 per share for 24 months (subject to a 60‑day lock‑up).
• Net proceeds will be used for general corporate and working‑capital purposes; insiders purchased 1,200,000 units under the same offering.

Key Details

• Units Issued: 14,489,274 units @ $0.10 per unit → Gross Proceeds: $1,448,927.
• Unit Composition: 1 common share + 1 common share purchase warrant.
• Warrant Terms: Exercise price $0.15 per share; exercisable for 24 months from issuance; not exercisable during the first 60 days after closing.
• Use of Proceeds: General corporate and working‑capital purposes as described in the amended offering document dated February 17, 2026.
• Offering Exemption: Conducted under the listed issuer financing exemption (NI 45‑106) for Canada except Quebec; securities to Canadian residents have no hold period.
• Finder Fees: No finder’s fees or finder warrants were paid in connection with the offering.
• Insider Participation: Insiders purchased 1,200,000 units (~8.3% of total units). This qualifies as a “related party transaction” under MI 61‑101; exemptions applied because fair market value did not exceed 25% of market cap. Insider securities are subject to a four‑month‑plus‑one‑day hold period.
• Exchange Acceptance: The LIFE Offering remains pending final acceptance from the Canadian Securities Exchange.
• Correction Notice: Updated the effective date of the Earn‑In Option Agreement (originally misstated as June 4, 2025) to February 3, 2026; corrected agreement will be filed on SEDAR+.

Notable Quotes

(No direct quotes were provided in the release.)