Braille Energy Systems Inc. Announces Non-Brokered Private Placement of up to $350,000

Executive Summary

• Braille Energy Systems Inc. announces a non‑brokered private placement of up to 7,000,000 units at $0.05 per unit for gross proceeds of up to $350,000.
• Each unit consists of one common share and one full warrant (exercise price $0.055, five‑year term).
• Proceeds will be used for general working capital; the placement is subject to TSX Venture Exchange acceptance.

Key Details

• Units Offered: Up to 7,000,000 units at $0.05 per unit.
• Gross Proceeds Target: Up to $350,000.
• Unit Composition:
• 1 common share of Braille Energy Systems Inc.
• 1 full common‑share purchase warrant (exercise price $0.055, exercisable for five years from issuance).
• Use of Proceeds: General working capital purposes.
• Insider Participation: Certain insiders may participate; expected to be exempt from MI 61‑101 valuation and minority‑shareholder approval thresholds (insider consideration ≤ 25% of market cap).
• Finders’ Fees: May be paid in accordance with TSXV policies.
• Statutory Hold Period: All securities subject to a hold period of four months and one day from issuance.
• Closing Conditions: Completion contingent upon acceptance by the TSX Venture Exchange; no responsibility assumed by TSXV for accuracy of release.
• Correction Notice: Clarifies that broker warrants issued as finders’ fees have an exercise price of $0.08 (not $0.10) and expire on November 10, 2027, correcting the November 10, 2025 announcement.

Notable Quotes

(No direct quotes were provided in the release.)