Pathfinder Ventures Announces Closing of Parksville Refinancing and Extension of Private Placement

Executive Summary

• Pathfinder Ventures Inc. completed a refinancing of its Parksville RV Resort property, removing restrictive covenants and increasing strategic flexibility.
• The company extended the closing date of its non‑brokered private placement to April 9 2026, offering up to 40 million common shares at $0.05 per share for gross proceeds of up to $2 million.
• Net proceeds from the private placement will be used for working capital, further RV resort development, and acquisition opportunities such as modular housing communities.

Key Details

• Refinancing Completion: Replaced prior mortgage with a new facility that eliminates lender approval rights over corporate indebtedness and rights of first refusal on assets.
• Private Placement Extension: Closing date extended by 30 days (now April 9, 2026); initial tranche expected within ~10 business days pending subscriptions and TSX Venture Exchange approval.
• Offering Terms:
• Up to 40,000,000 common shares at $0.05 per share → gross proceeds up to $2,000,000.
• Each share issued with ½ of a non‑transferable common share purchase warrant; whole warrant exercisable at $0.10 for 36 months from issuance.
• Use of Proceeds: General working capital, continued development of RV resort portfolio, and pursuit of acquisition opportunities (including modular housing communities).
• Finder’s Fees: May be payable in accordance with TSX Venture Exchange policies.

Notable Quotes

• “The refinancing strengthens our financial position and supports our ongoing initiatives in RV resort development and modular housing communities,” – Joe Bleackley, CEO & Director.