TrustBIX Inc. Announces Private Placement
TrustBIX Inc. (TSXV: TBIX) has announced a non-brokered private placement offering of up to 10 million units at $0.04 per unit, aiming to raise gross proceeds of up to $400,000. Each unit consists of one common share and one warrant, with each warrant exercisable at $0.08 per share for two years.
The company included an acceleration clause that triggers if the stock price stays at or above $0.12 for 20 consecutive trading days. The proceeds will support general working capital needs, particularly for inventory acquisition. The securities will have a 4-month and 1-day hold period, and will be sold under NI 45-106 exemptions.
TrustBIX Inc. (TSXV: TBIX) ha annunciato un'offerta privata senza intermediari di un massimo di 10 milioni di unit脿 a 0,04$ per unit脿, con l'obiettivo di raccogliere proventi lordi fino a 400.000$. Ogni unit脿 猫 composta da un'azione ordinaria e da una warrant, con ogni warrant esercitabile a 0,08$ per azione per due anni.
L'azienda ha incluso una clausola di accelerazione che si attiva se il prezzo delle azioni rimane a o sopra 0,12$ per 20 giorni di negoziazione consecutivi. I proventi saranno utilizzati per soddisfare le esigenze generali di capitale circolante, in particolare per l'acquisto di inventario. I titoli avranno un periodo di blocco di 4 mesi e 1 giorno e saranno venduti secondo le esenzioni NI 45-106.
TrustBIX Inc. (TSXV: TBIX) ha anunciado una colocaci贸n privada sin intermediarios de hasta 10 millones de unidades a 0,04$ por unidad, con el objetivo de recaudar ingresos brutos de hasta 400,000$. Cada unidad consta de una acci贸n com煤n y una opci贸n de compra (warrant), con cada warrant ejercitable a 0,08$ por acci贸n durante dos a帽os.
La compa帽铆a incluy贸 una cl谩usula de aceleraci贸n que se activa si el precio de la acci贸n se mantiene en o por encima de 0,12$ durante 20 d铆as h谩biles consecutivos. Los ingresos se destinar谩n a necesidades generales de capital de trabajo, especialmente para la adquisici贸n de inventario. Los valores tendr谩n un per铆odo de retenci贸n de 4 meses y 1 d铆a, y se vender谩n bajo las exenciones NI 45-106.
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TrustBIX Inc. (TSXV : TBIX) a annonc茅 une offre priv茅e sans courtier portant sur un maximum de 10 millions d鈥檜nit茅s 脿 0,04 $ par unit茅, visant 脿 lever un produit brut pouvant atteindre 400 000 $. Chaque unit茅 comprend une action ordinaire et un bon de souscription, chaque bon 茅tant exer莽able 脿 0,08 $ par action pendant deux ans.
La soci茅t茅 a inclus une clause d鈥檃cc茅l茅ration qui se d茅clenche si le cours de l鈥檃ction reste 脿 ou au-dessus de 0,12 $ pendant 20 jours de bourse cons茅cutifs. Les fonds serviront 脿 r茅pondre aux besoins g茅n茅raux de fonds de roulement, notamment pour l鈥檃cquisition de stocks. Les titres feront l鈥檕bjet d鈥檜ne p茅riode de d茅tention de 4 mois et 1 jour et seront vendus selon les exemptions NI 45-106.
TrustBIX Inc. (TSXV: TBIX) hat eine nicht vermittelte Privatplatzierung von bis zu 10 Millionen Einheiten zu je 0,04$ angek眉ndigt, mit dem Ziel, Bruttoerl枚se von bis zu 400.000$ zu erzielen. Jede Einheit besteht aus einer Stammaktie und einem Bezugsrecht (Warrant), wobei jeder Warrant f眉r zwei Jahre zu 0,08$ pro Aktie ausge眉bt werden kann.
Das Unternehmen hat eine Beschleunigungsklausel aufgenommen, die greift, wenn der Aktienkurs f眉r 20 aufeinanderfolgende Handelstage bei oder 眉ber 0,12$ bleibt. Die Erl枚se dienen der allgemeinen Betriebskapitalbedarfsdeckung, insbesondere f眉r den Erwerb von Inventar. Die Wertpapiere unterliegen einer Haltefrist von 4 Monaten und 1 Tag und werden unter den NI 45-106-Ausnahmen verkauft.
- Potential to raise up to $400,000 in additional capital
- Warrant exercise could bring additional $800,000 if fully exercised
- Funds will support inventory acquisition for ongoing operations
- Significant dilution to existing shareholders
- Low unit price of $0.04 suggests challenging market conditions
- Additional dilution possible through warrant exercise
Edmonton, Alberta--(Newsfile Corp. - July 7, 2025) - TrustBIX Inc. (TSXV: TBIX) ("TrustBIX" or the "Company") is pleased to announce a non-brokered private placement (the "Private Placement") of up to 10,000,000 units ("Units") at a price of
Each Unit is comprised of one (1) common share in the capital of TrustBIX ("Common Share") and one (1) Common Share purchase warrant ("Warrant"), whereby each Warrant entitles the holder to purchase one (1) Common Share at a price of
The proceeds will be used for general working capital purposes, including, but not limited to, funding the acquisition of inventory at scale to support the Company's ongoing operations.
The securities to be issued pursuant to the Private Placement will be subject to a statutory hold period lasting four (4) months and one (1) day following the closing of the Private Placement.
The Common Shares issued under the Private Placement will be sold to investors pursuant to prospectus
exemptions available under National Instrument 45-106, including exemptions for: accredited investor, employee, executive officer, director and consultant, and existing security holders.
About TrustBIX (TSXV: TBIX)
TrustBIX is an agricultural technology company providing Gate to Plate® solutions to create a world where we trust more, waste less, and reward sustainable practices. Our award-winning technologies offer practical tools trusted by local and international agri-food organizations.
Forward-Looking Information
This press release contains certain forward-looking information and reflects the Company's present assumptions regarding future events. These statements involve known and unknown risks, uncertainties, and other factors that may cause the Company's actual results, levels of activity, performance, and/or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements.
Certain statements contained in this document constitute forward-looking statements and information within the meaning of the applicable Canadian securities legislation. When used in this document, the words "may", "would", "could", "should", "will", "intend", "plan", "propose", "anticipate", "believe", "forecast", "estimate", "expect" and similar expressions used by any of the Company's management, are intended to identify forward-looking statements. Such statements reflect the Company's internal projections, expectations, future growth, performance and business prospects and opportunities and are based on information currently available to the Company. Since they relate to the Company's current views with respect to future events, they are subject to certain risks, uncertainties and assumptions. Many factors could cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. The Company does not intend, and does not assume any obligation, to update any such factors or to publicly announce the result of any revisions to any of the forward-looking statements contained herein to reflect future results, events or developments except as required by applicable securities legislation, regulations or policies.
FOR MORE INFORMATION CONTACT:
Mr. Hubert Lau
President and CEO
Telephone: (780) 456-2207
Email: [email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this release.
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FAQ
What are the terms of TrustBIX's (TBIX) July 2025 private placement?
How much money is TrustBIX (TBIX) trying to raise in the private placement?
What is the warrant acceleration clause in TrustBIX's private placement?
How will TrustBIX use the proceeds from the private placement?
What is the hold period for securities issued in TrustBIX's private placement?
