PesoRama Announces Warrant Extension

Core Viewpoint - PesoRama Inc. intends to extend the exercise period for 5,939,333 warrants at $0.30 per common share to January 23, 2026, aligning with the expiry date of another tranche of warrants [1][2]. Group 1: Warrant Details - The warrants were issued during a private placement that closed on December 30, 2022, with a second tranche closing on January 23, 2023 [1]. - Approximately 10% of the warrants are held by related parties, classifying the amendment as a "related party transaction" under Multilateral Instrument 61-101 [3]. - The company is relying on exemptions from formal valuation and minority shareholder approval requirements due to its market status and the fair market value of the warrants [3]. Group 2: Company Overview - PesoRama operates dollar stores in Mexico under the JOi Dollar Plus brand, having launched in 2019 in Mexico City and surrounding areas [4]. - The company targets high-density, high-traffic locations and currently operates 31 stores offering a variety of merchandise, including household goods, pet supplies, seasonal products, and more [4].