Acceleware Ltd. Announces Extension of Private Placement Financing

Core Viewpoint - Acceleware Ltd. is advancing its non-brokered private placement to fund its RF power-to-heat technologies, with a focus on critical minerals and carbon capture applications [1][2]. Group 1: Private Placement Details - The TSX Venture Exchange has extended the closing date for additional tranches of the private placement to September 1, 2025 [1]. - The first tranche closed on July 31, 2025, raising total gross proceeds of $791,334.20 [2]. - Each unit in the private placement consists of one common share and one warrant, with the warrant exercisable at $0.20 for 24 months [3]. Group 2: Insider Participation - Insiders purchased a total of 1,300,000 units in the first tranche and may participate in subsequent tranches, classifying the private placement as a related party transaction [4]. - The company is relying on exemptions from formal valuation and minority shareholder approval requirements under MI 61-101, as the fair market value does not exceed 25% of the company's market capitalization [4]. Group 3: Company Overview and Technology - Acceleware specializes in RF power-to-heat solutions aimed at decarbonizing industrial processes and reducing costs [5]. - The company is developing its Clean Tech Inverter to enhance the efficiency of amine regeneration and has partnered with potash producers to decarbonize drying processes [6]. - Acceleware's RF XL technology is a low-cost, low-carbon solution for enhanced oil production, differing significantly from existing recovery techniques [7].