Braille Energy Systems Inc. Announces Closing of Non-Brokered Private Placement

Executive Summary

• Braille Energy Systems Inc. closed a non‑brokered private placement of 7,500,000 units at $0.05 per unit, generating gross proceeds of $375,000.
• Each unit includes one common share and one non‑transferable warrant exercisable at $0.055 per share for five years.
• Insiders subscribed for up to 3,000,000 units ($150,000) and the units are subject to a four‑month‑plus hold period.

Key Details

• Units sold: 7,500,000 units at an offering price of $0.05 per unit.
• Gross proceeds: $375,000 total; $225,000 from external investors, $150,000 from insiders.
• Unit composition: 1 common share + 1 non‑transferable common share purchase warrant per unit.
• Warrant terms: Exercise price $0.055 per common share; exercisable for five years from the closing date.
• Closing date: March 11, 2026 (previously announced on March 2, 2026).
• Investor eligibility: Units sold to accredited investors and directors under the “accredited investor” exemption in Ontario and British Columbia.
• Hold period: Four months and one day from issuance before units may be transferred.
• Finder’s fees: Company may pay eligible finders subject to securities law compliance.
• Regulatory condition: Closing subject to final approval by the TSX‑V.

Notable Quotes

(No executive quotes were included in the release.)