Prophecy Defi closes $600,000 private placement

Executive Summary

• Prophecy Defi Inc. closed a non‑brokered private placement of 5,000,000 units at $0.12 per unit, raising gross proceeds of $600,000.
• Each unit includes one common share and one common share purchase warrant (exercisable at $0.20 for five years).
• The company also issued 125,346 finder’s warrants (exercisable at $0.20 for three years) and paid a cash commission of $15,041.60.

Key Details

• Units sold: 5,000,000 units @ $0.12 per unit → Gross proceeds: $600,000.
• Unit composition: 1 common share + 1 common share purchase warrant.
• Common share purchase warrant terms: Exercise price $0.20 per share; exercisable for five years from issuance.
• Finder’s warrants issued: 125,346 warrants; each allows purchase of one common share at $0.20; exercisable for three years from issuance.
• Commission paid: $15,041.60 cash to placement agents.
• Use of proceeds: Working capital and other general & administrative expenses.
• Holding period: All securities issued are subject to a four‑month lock‑up from the date of issue.

Notable Quotes

(No executive quotes were provided in the release.)