DEFSEC Technologies Announces Closing of CAD$2.1 Million Registered Direct Offering

Core Points - DEFSEC Technologies Inc. announced the closing of a registered direct offering for 566,040 common shares at CAD$3.64 (US$2.65) per share [1] - The gross proceeds from the offering were approximately CAD$2.1 million, intended for working capital and general corporate purposes [2] - The company issued unregistered warrants to purchase up to 566,040 common shares at an exercise price of CAD$4.27, which are immediately exercisable and will expire in five years [1][2] Financial Details - The cash fee paid to the placement agent was CAD$154,529, along with 42,453 common share purchase warrants at an exercise price of CAD$4.55 [3] - The offering remains subject to final approval from the TSX Venture Exchange [6] Company Overview - DEFSEC develops and commercializes next-generation tactical systems for military and security forces, including real-time shared situational awareness and targeting information [7] - The company also offers countermeasures against threats such as electronic detection, lasers, and drones, and has a proprietary non-lethal product line branded PARA SHOTTM [7]