Green Impact Announces Private Placement Financing and Corporate Update

Core Viewpoint - Green Impact Partners Inc. has announced a $5 million Private Placement at $4 per share, canceling the previously announced LIFE offering [1][2] Group 1: Private Placement Details - The Private Placement involves certain officers and directors selling an aggregate of $5 million of common shares from their personal holdings at a price of $4.00 per share, with proceeds used to purchase shares under the Private Placement [2] - The Private Placement is expected to close on December 10, 2025, or as soon as reasonably practicable thereafter, and is subject to TSX Venture Exchange approval [2] - All securities issued will be subject to a regulatory hold period of four months and one day from the closing date, and no finder's fees are involved [2] Group 2: Related Party Transaction - Participation by insiders in the Private Placement qualifies as a "related party transaction" under Multilateral Instrument 61-101, but is exempt from formal valuation and minority shareholder approval requirements as the value does not exceed 25% of the Company's market capitalization [3] Group 3: Corporate Update - The Company has amended its corporate credit facility to provide a waiver of certain events of default, contingent on meeting specific covenants and conditions, including refinancing completion [4] - GIP has executed a non-binding senior secured debenture financing term sheet with proceeds exceeding the amount owed to the corporate lender, subject to customary closing conditions [4] Group 4: Asset Sales and Future Projects - GIP is advancing documentation regarding the sale of its water recycling assets, aiming to facilitate financial closure of the Future Energy Park and the construction of a significant biofuels facility in North America [5] Group 5: Auditor Change - Deloitte LLP has resigned as the auditor, confirming no reportable events or disagreements, and the Company is in the final stages of engaging a replacement auditor for the 2025 fiscal year [6]