BeWhere Holdings Inc. Announces Closing of its C$5.0 Million Brokered LIFE Offering, Including Full Exercise of Over-Allotment Option

Executive Summary

• BeWhere Holdings Inc. closed a brokered private placement of 7,150,000 common shares at C$0.70 per share, generating gross proceeds of C$5.005 million.
• The net proceeds are earmarked to expand the company’s equipment‑rental business, fund European expansion, and provide working capital/general corporate purposes.
• Agents received a cash commission of $300,300 and were issued 429,000 non‑transferable warrants exercisable at C$0.70 per share for up to 36 months (subject to a four‑month statutory hold period).

Key Details

• Offering Size: 7,150,000 common shares total; includes 1,430,000 shares issued upon full exercise of the agents’ over‑allotment option.
• Issue Price: C$0.70 per common share.
• Gross Proceeds: C$5,005,000.
• Lead Agent / Bookrunner: Canaccord Genuity Corp.; syndicate also included Roth Canada Inc.
• Exemption Used: Listed Issuer Financing exemption under NI 45‑106 (Part 5A.2) and Coordinated Blanket Order 45‑935; no prospectus required, shares not subject to a hold period in Canada (except warrants).
• Use of Proceeds:
• Expansion of equipment‑rental operations to increase recurring revenue.
• Funding of European market expansion.
• Working capital and general corporate purposes.
• Agent Compensation:
• Cash commission paid to agents: $300,300.
• Issuance of 429,000 non‑transferable warrants to agents, exercisable at C$0.70 per share any time before 36 months from closing; warrants subject to a four‑month statutory hold period.
• Regulatory Condition: Offering remains subject to final approval by the TSX Venture Exchange.

Notable Quotes

(No executive quotes were included in the release.)