GreenPower Announces Closing of CIBC Financing Facilities

Financing Announcement - GreenPower Motor Company has closed a credit approval from CIBC for US$5 million in financing facilities, which includes a US$3 million revolving line of credit and a US$2 million term loan with a three-year term [1] - Two directors of the Company have provided personal guarantees of up to US$5 million in support of the financing facilities, and the Company has issued warrants and shares as incentives for these guarantees [1][2] Use of Proceeds - A portion of the net proceeds from the financing was utilized to repay and close the Company's existing operating line of credit, while the remainder is allocated for general corporate purposes [1] Related Party Transactions - The issuance of 2,016,129 non-transferable share purchase warrants and 403,225 shares to the Guarantors is classified as a related party transaction under Multilateral Instrument 61-101, but is exempt from formal valuation and minority approval requirements [2]