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TrustBIX Inc. Announces Closing of Previously Announced Private Placement
Newsfile· 2025-09-02 23:30
Core Points - TrustBIX Inc. has successfully closed a non-brokered private placement, issuing 10,000,000 units at a price of $0.04 per unit, resulting in gross proceeds of $400,000, pending final acceptance by the TSX Venture Exchange [1][3] Group 1: Private Placement Details - Each unit consists of one common share and one common share purchase warrant, with the warrant allowing the purchase of one common share at $0.08 for two years [2] - If the closing price of common shares reaches or exceeds $0.12 for twenty consecutive trading days, TrustBIX can accelerate the expiry date of the warrants [2] - The proceeds from the private placement will be used for general working capital, including acquiring inventory to support ongoing operations [3] Group 2: Regulatory and Compliance Information - The securities issued are subject to a statutory hold period of four months and one day following the closing [3] - No finder's fees or other compensation were paid in connection with the private placement, and the shares were sold under prospectus exemptions [3] Group 3: Company Overview - TrustBIX is an agricultural technology company focused on providing Gate to Plate® solutions aimed at enhancing trust, reducing waste, and promoting sustainable practices within the agri-food sector [4]
TrustBIX Inc. Announces June 30, 2025 Third Quarter Financial Results
Newsfile· 2025-08-26 02:00
TrustBIX Inc. Announces June 30, 2025 Third Quarter Financial ResultsAugust 25, 2025 10:00 PM EDT | Source: TrustBIX Inc.Edmonton, Alberta--(Newsfile Corp. - August 25, 2025) - TrustBIX Inc. (TSXV: TBIX) ("TrustBIX" or the "Company") announced today financial results for the third quarter ended June 30, 2025, and the related Management's Discussion and Analysis ("MD&A"). For the three and nine months ended June 30, 2025, compared to the same periods in 2024, the Company continued to manage its ...
TrustBIX Inc. Announces Extension to Private Placement
Newsfile· 2025-08-20 20:35
Core Points - TrustBIX Inc. has announced an extension for its non-brokered private placement, allowing it to complete the offering by September 2, 2025, with a maximum of 10,000,000 units priced at $0.04 each, aiming for gross proceeds of up to $400,000 [1][2]. Group 1: Private Placement Details - Each unit consists of one common share and one warrant, with the warrant allowing the purchase of an additional common share at $0.08 for two years [3]. - If the closing price of the common shares exceeds $0.12 for 20 consecutive trading days, TrustBIX can accelerate the expiry date of the warrants [3]. - The proceeds from the private placement will be utilized for general working capital, including inventory acquisition to support ongoing operations [4]. Group 2: Regulatory and Compliance Information - The common shares will be sold under prospectus exemptions available under National Instrument 45-106, targeting accredited investors, employees, executives, directors, consultants, and existing security holders [5]. - The securities issued will be subject to a statutory hold period of four months and one day following the closing of the private placement [4]. Group 3: Company Overview - TrustBIX is an agricultural technology company focused on providing Gate to Plate® solutions aimed at enhancing trust, reducing waste, and promoting sustainable practices within the agri-food sector [6].
TrustBIX Inc. Announces the Results of Its Annual General Meeting of Shareholders
Newsfile· 2025-07-18 21:30
Core Points - TrustBIX Inc. held its Annual General Meeting on July 17, 2025, where all matters outlined in the Notice of Meeting were approved by shareholders [2][6] - Shareholders voted to fix the number of directors at five and elected five individuals as directors [6] - The company re-appointed its auditors for the upcoming year and authorized the directors to determine their remuneration [6] Company Overview - TrustBIX is an agricultural technology company that provides Gate to Plate® solutions aimed at promoting trust, reducing waste, and rewarding sustainable practices [4] - The company offers award-winning technologies that are utilized by both local and international agri-food organizations [4]