TrustBIX Inc. Announces Extension to Private Placement
TrustBIX (TSXV: TBIX) has received approval from the TSX Venture Exchange to extend its previously announced non-brokered private placement deadline to September 2nd, 2025. The offering consists of up to 10 million units at $0.04 per unit, aiming to raise gross proceeds of up to $400,000.
Each unit comprises one common share and one warrant, with each warrant allowing the purchase of one common share at $0.08 for two years. The company includes an acceleration clause if shares trade at or above $0.12 for 20 consecutive trading days. Proceeds will support general working capital and inventory acquisition for ongoing operations.
TrustBIX (TSXV: TBIX) ha ottenuto l'approvazione dalla TSX Venture Exchange per prorogare la scadenza della sua offerta privata non collocata, precedentemente annunciata, fino al 2 settembre 2025. L'offerta prevede fino a 10 milioni di unit脿 a $0,04 per unit脿, con l'obiettivo di raccogliere proventi lordi fino a $400.000.
Ciascuna unit脿 猫 composta da una azione ordinaria e da una warrant; ogni warrant d脿 diritto all'acquisto di un'azione ordinaria a $0,08 per due anni. 脠 prevista una clausola di accelerazione se le azioni trattano a o sopra $0,12 per 20 giorni di negoziazione consecutivi. I proventi saranno utilizzati per il capitale circolante generale e per l'acquisto di inventario per le operazioni in corso.
TrustBIX (TSXV: TBIX) recibi贸 la aprobaci贸n de la TSX Venture Exchange para prorrogar el plazo de su colocaci贸n privada no intermediada, previamente anunciada, hasta el 2 de septiembre de 2025. La oferta consiste en hasta 10 millones de unidades a $0.04 por unidad, con el objetivo de recaudar ingresos brutos por hasta $400,000.
Cada unidad incluye una acci贸n ordinaria y una garant铆a (warrant); cada warrant permite comprar una acci贸n ordinaria a $0.08 durante dos a帽os. La compa帽铆a incorpora una cl谩usula de aceleraci贸n si las acciones cotizan a o por encima de $0.12 durante 20 d铆as de negociaci贸n consecutivos. Los fondos se destinar谩n a capital de trabajo general y a la adquisici贸n de inventario para las operaciones en curso.
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TrustBIX (TSXV: TBIX) a obtenu l'approbation de la TSX Venture Exchange pour prolonger la date limite de son placement priv茅 non parrain茅 pr茅c茅demment annonc茅 jusqu'au 2 septembre 2025. L'offre porte sur jusqu'脿 10 millions d'unit茅s 脿 0,04 $ l'unit茅, visant 脿 r茅colter des produits bruts pouvant atteindre 400 000 $.
Chaque unit茅 se compose d'une action ordinaire et d'un warrant ; chaque warrant permet d'acheter une action ordinaire 脿 0,08 $ pendant deux ans. La soci茅t茅 pr茅voit une clause d'acc茅l茅ration si les actions se n茅gocient 脿 ou au-dessus de 0,12 $ pendant 20 jours de bourse cons茅cutifs. Les fonds seront utilis茅s pour le fonds de roulement g茅n茅ral et l'acquisition de stocks pour les op茅rations en cours.
TrustBIX (TSXV: TBIX) hat von der TSX Venture Exchange die Genehmigung erhalten, die Frist f眉r das zuvor angek眉ndigte nicht vermittelte Privatplatzierungsangebot bis zum 2. September 2025 zu verl盲ngern. Das Angebot umfasst bis zu 10 Millionen Einheiten zu je $0,04 mit dem Ziel, Bruttoerl枚se von bis zu $400.000 zu erzielen.
Jede Einheit besteht aus einer Stammaktie und einem Warrant; jeder Warrant berechtigt zum Kauf einer Stammaktie zu $0,08 f眉r zwei Jahre. Das Unternehmen sieht eine Beschleunigungsklausel vor, falls die Aktien an 20 aufeinanderfolgenden Handelstagen bei oder 眉ber $0,12 gehandelt werden. Die Erl枚se werden zur allgemeinen Betriebsmittelausstattung und zum Erwerb von Lagerbest盲nden f眉r den laufenden Betrieb verwendet.
- None.
- Dilutive impact on existing shareholders
- Low unit price of $0.04 suggests challenging market conditions
- Need for working capital indicates potential cash flow concerns
Edmonton, Alberta--(Newsfile Corp. - August 20, 2025) - TrustBIX Inc. (TSXV: TBIX) ("TrustBIX" or the "Company") announces that the Company has been granted an extension by the TSX Venture Exchange ("TSXV") to complete the non-brokered private placement, as previously announced on July 7th, 2025 (the "Private Placement"), of up to 10,000,000 units ("Units") at a price of
The Private Placement remains subject to the final acceptance of the TSXV and all regulatory approvals.
Details of this Private Placement:
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.
To view the source version of this press release, please visit
FAQ
What is the size and price of TrustBIX's private placement offering?
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