Liberty Announces C$3.75 Million Private Placement of Units

Core Viewpoint - Liberty Defense Holdings Ltd. is initiating a non-brokered private placement to raise between approximately C$2,500,000 and C$3,750,000 through the issuance of units priced at C$0.22 each [1][3]. Group 1: Offering Details - The offering consists of a minimum of 11,363,636 units and a maximum of 17,045,454 units, with each unit comprising one common share and one warrant [1][2]. - Each warrant allows the holder to purchase one common share at an exercise price of C$0.35, valid for 12 months post-closing [2]. - The offering is conducted under the LIFE Exemption, allowing for immediate resale of the units without a hold period [3]. Group 2: Use of Proceeds - Proceeds from the offering will be allocated for purchasing inventory to enhance the production of HEXWAVE technology units, investor relations, marketing initiatives, operating expenses, and general working capital [5]. Group 3: Closing and Conditions - The offering is expected to close around July 22, 2025, contingent upon receiving subscriptions for at least C$2,500,000 and necessary approvals [6]. Group 4: Company Overview - Liberty Defense Holdings Ltd. specializes in AI-based detection solutions for concealed weapons, with products designed for high-traffic areas requiring enhanced security [10]. - The company has secured exclusive licensing for its HEXWAVE product from MIT, which utilizes advanced 3D radar imaging technology [10].