Core Viewpoint - Magnetic North Acquisition Corp. is planning a non-brokered private placement of unsecured, interest-bearing promissory notes to raise up to CAD$500,000 with a 10% interest rate [1][2] Group 1: Offering Details - The Offering will consist of unsecured promissory notes with a face value of CAD$10,000 each [1] - The anticipated closing of the Offering will occur in multiple tranches, with the first tranche expected to close by May 15, 2025 [2] - A cash commission of up to 7% will be payable to qualified agents based on the total amount raised [2] Group 2: Use of Proceeds - The net proceeds from the Offering will be utilized for general corporate purposes [2] Group 3: Repayment Options - The Company and investors may agree to repayment in kind, using Series A Preferred shares based on a price determined by the average price in the five trading days preceding the end of the Term [3] Group 4: Company Overview - Magnetic North Acquisition Corp. invests and manages businesses, emphasizing that capital alone does not guarantee success [4] - The Company operates from Calgary and Toronto, leveraging management and capital markets expertise to enhance the success of its investee companies [4] - Magnetic North's common and preferred shares are traded on the TSX Venture Exchange under the symbols MNC and MNC.PR.A, respectively [4]