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PesoRama Announces Warrant Extension
TMX Newsfile· 2025-12-24 21:10
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].
PesoRama Announces $5 Million LIFE Offering
Newsfile· 2025-06-10 11:18
Core Viewpoint - PesoRama Inc. is conducting a non-brokered private placement to raise up to $5 million through the sale of 33,333,333 units at a price of $0.15 per unit, aimed at store expansion and working capital [1][3]. Group 1: Offering Details - The offering consists of units, each comprising one common share and one common share purchase warrant, with warrants exercisable for 24 months from 60 days after the closing date [1]. - The closing of the offering is expected around June 26, 2025, subject to necessary approvals, including from the TSX Venture Exchange [6]. - The offering will be available in all Canadian provinces except Québec, and securities issued to Canadian residents will not be subject to a hold period [4]. Group 2: Insider Participation and Fees - Insiders may participate in the offering, with their units subject to a four-month hold period, and such participation will be considered a related party transaction [7]. - The company will pay a fee of 1% of gross proceeds to Markette Ventures Inc. for facilitating the offering through a digital platform [8]. - Additional fees may be paid to eligible finders, including a cash fee of up to 7% of gross proceeds and non-transferable warrants equal to up to 7% of the units issued [9][10]. Group 3: Company Background - PesoRama operates dollar stores in Mexico under the JOi Dollar Plus brand, targeting high-density, high-traffic locations since its launch in 2019 [12]. - The company currently operates 25 stores offering a variety of merchandise, including household goods, pet supplies, and snack foods [12].