Prophecy DeFi Announces Unit Offering

Executive Summary

• Prophecy DeFi Inc. announces a non‑brokered private placement to raise up to $600,000 by issuing up to 5,000,000 units at $0.12 per unit.
• Each unit consists of one common share and one common share purchase warrant (exercisable at $0.20 for five years).
• Proceeds are earmarked for working capital and general & administrative expenses; securities will be subject to a four‑month hold period.

Key Details

• Offering Size: Up to $600,000 total gross proceeds.
• Units Offered: Up to 5,000,000 units at $0.12 per unit.
• Unit Composition: 1 common share + 1 common share purchase warrant.
• Warrant Terms: Each warrant allows purchase of one additional common share at $0.20, exercisable for five years from closing date.
• Hold Period: All securities issued will have a four‑month hold period from issuance.
• Use of Proceeds: Working capital and other general & administrative costs.
• Closing Conditions: Subject to receipt of all required corporate and regulatory approvals.
• Finder’s Fee: May be payable on a portion of the proceeds raised under the private placement.

Notable Quotes

(No executive quotes provided in the release.)