TrustBIX Inc. Announces Closing of Previously Announced Private Placement

Core Points - TrustBIX Inc. has successfully closed a non-brokered private placement, issuing 10,000,000 units at a price of $0.04 per unit, resulting in gross proceeds of $400,000, pending final acceptance by the TSX Venture Exchange [1][3] Group 1: Private Placement Details - Each unit consists of one common share and one common share purchase warrant, with the warrant allowing the purchase of one common share at $0.08 for two years [2] - If the closing price of common shares reaches or exceeds $0.12 for twenty consecutive trading days, TrustBIX can accelerate the expiry date of the warrants [2] - The proceeds from the private placement will be used for general working capital, including acquiring inventory to support ongoing operations [3] Group 2: Regulatory and Compliance Information - The securities issued are subject to a statutory hold period of four months and one day following the closing [3] - No finder's fees or other compensation were paid in connection with the private placement, and the shares were sold under prospectus exemptions [3] Group 3: Company Overview - TrustBIX is an agricultural technology company focused on providing Gate to Plate® solutions aimed at enhancing trust, reducing waste, and promoting sustainable practices within the agri-food sector [4]