Core Viewpoint - Izotropic Corporation is initiating a non-brokered private placement to raise up to $300,000 through the sale of 1,200,000 units at $0.25 each, with each unit comprising one common share and one transferable warrant [1][2] Group 1: Private Placement Details - The offering will consist of up to 1,200,000 units priced at $0.25 each, aiming for gross proceeds of up to $300,000 [1] - Each unit includes one common share and one warrant, allowing the holder to purchase an additional share at $0.50 for three years [1] - Proceeds from the offering will be allocated for general working capital [2] Group 2: Warrant Extension - The company has extended the expiry date of 2,841,325 outstanding share purchase warrants from September 20, 2025, to September 20, 2026, while maintaining the exercise price at $0.50 [4] - The extension is subject to final approval from the Canadian Securities Exchange (CSE) [5] Group 3: Regulatory Compliance - All securities issued in the offering will be subject to a statutory hold period of four months and one day [2] - The securities will not be registered under the United States Securities Act of 1933, and cannot be offered or sold in the U.S. without registration or an exemption [3]
Izotropic Announces Non-Brokered Private Placement & Extends Warrants
Newsfile·2025-08-26 12:00