Pardus Ventures Inc. Announces Closing of Second Tranche of Previously Announced Subscription Receipt Financing

Executive Summary

• Pardus Ventures closed the second tranche of its non‑brokered private placement, issuing 10 million subscription receipts for CAD 500,000, bringing total proceeds to CAD 2 million.
• The offering funds are being used to consummate Pardus’ proposed acquisition of EGL Technology Holdings Co. Ltd., which will become a qualifying transaction under TSX Venture Exchange Policy 2.4.
• A 5% finder’s fee (CAD 20,000) has been deposited in escrow and will be released upon satisfaction of escrow release conditions; the subscription receipts are subject to a hold period until July 14 2026.

Key Details

• Second Tranche: 10,000,000 Subscription Receipts issued; gross proceeds CAD 500,000.
• Aggregate Funding: First tranche (CAD 1,500,000) + second tranche = CAD 2,000,000 from 40,000,000 Subscription Receipts.
• Finder’s Fee: 5% of gross proceeds (CAD 20,000) held in escrow with Computershare; release contingent on escrow conditions.
• Hold Period: Subscription Receipts (and underlying common shares upon conversion) locked until July 14 2026.
• Acquisition Link: Offering is a condition to the closing of Pardus’ proposed acquisition of all outstanding shares of EGL Technology Holdings Co. Ltd. (“EGL Holdings”).
• Resulting Entity: Post‑transaction, the combined issuer will be renamed (name to be agreed) and will focus on smart locker solutions in Vietnam.
• Regulatory Conditions: Completion subject to TSXV acceptance, possible shareholder approval, and other customary approvals; trading of Pardus shares remains halted pending transaction completion.
• Currency: All amounts are expressed in Canadian dollars.

Notable Quotes

• “The successful closing of the second tranche brings us to our total financing target of CAD 2 million, positioning us to complete the acquisition of EGL Holdings and advance a leading smart‑locker business in Vietnam,” – Herrick Lau, CEO, CFO, Corporate Secretary, and Director, Pardus Ventures Inc.