Prospect Park Announces Private Placement Closing

Group 1 - The Company closed a non-brokered private placement of common shares for gross proceeds of $165,000 by issuing 165,000,000 Common Shares at a price of $0.001 per share, with net proceeds intended for operational, general, and administrative purposes [1] - Three of the four directors participated in the Offering, qualifying it as a related party transaction, which was exempt from formal valuation and minority shareholder approval requirements under MI 61-101 [2] - The Company's board of directors now consists of four individuals, with Mr. Riabov appointed as Chief Financial Officer, and the board expressed gratitude to former director Anthony Zelen and former CFO Malcolm Davidson for their contributions [3] Group 2 - The Company appointed Horizon Assurance LLP as its auditor effective June 3, 2025, and filed the necessary notices with SEDAR+ [4] - An annual general and special shareholders' meeting is scheduled for July 21, 2025, where management will seek shareholder approval for a share consolidation, an amended By-Law No. 1, and a new equity incentive plan [5]