Verde AgriTech Announces Brokered LIFE Financing of Up to $4.5 Million

Core Viewpoint - Verde AgriTech Ltd. is conducting a brokered private placement to raise up to $4,500,000 through the sale of units priced at $1.20 each, which will include shares and warrants [1][2]. Group 1: Offering Details - The offering consists of up to 3,750,000 units, each unit comprising one ordinary share and one share purchase warrant [1][2]. - Each warrant allows the holder to purchase an additional share at a price of $1.65 for a period of 30 months following the closing date [2]. - The offering will be conducted on a "best efforts" basis by A.G.P. Canada Investments ULC, which will act as the lead agent [1]. Group 2: Regulatory and Compliance - The units will be offered under the listed issuer financing exemption in certain Canadian provinces, and the securities will not be subject to a hold period under applicable Canadian securities laws [3]. - The offering may also be issued in the United States under exemptions from registration requirements [3][8]. Group 3: Financial Terms - The agent will receive a cash commission of 6.0% of the gross proceeds and will be issued non-transferable broker warrants representing 3.0% of the total units sold [4]. - The net proceeds from the offering will be used to accelerate work on the Minas Americas Global Alliance rare earth project, including resource definition drilling and technical de-risking [5]. Group 4: Timeline and Conditions - The offering is expected to close on or about March 12, 2026, subject to necessary approvals, including from the Toronto Stock Exchange [6]. - The company is relying on specific exemptions to distribute securities and is qualified under the relevant regulations [3].