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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].