G. Scott Paterson Acquires Additional FUTR Shares Triggering Early Warning Requirements

Rhea-AI Summary

G. Scott Paterson disclosed additional purchases of common shares of The FUTR Corporation (OTCQB: FTRCF) on December 5, 2025. He acquired 197,500 shares at an average price of $0.30 and has bought a total of 1,162,500 common shares at prices between $0.25–$0.36.

Mr. Paterson also purchased 700,000 units in a $6.5 million financing at $0.30 per unit (total $210,000). In aggregate he now owns or controls 10,334,103 common shares, representing approximately 8.3% non-diluted and 10.5% partially diluted ownership assuming exercise of 228,768 vested options and 2,847,826 warrants. The holdings are for investment purposes and further purchases or dispositions may occur.

Positive

• Total beneficial holdings: 10,334,103 common shares
• Partially diluted ownership reflects 10.5% assuming vested options and warrants
• Purchased 700,000 units in the $6.5M financing at $0.30 per unit

Negative

• Dilution from the $6.5M financing reduced beneficial ownership below 10% on a non-diluted basis
• Significant warrant count (2,847,826) contributes to potential future dilution

Toronto, Ontario--(Newsfile Corp. - December 5, 2025) - Mr. G. Scott Paterson ("Mr. Paterson") today announced that he acquired 197,500 common shares of The FUTR Corporation (TSXV: FTRC) (OTCQB: FTRCF) (FSE: QA20) (WKN: A4165Y) (ISIN: CA3609521057) ("FUTR" or the "Company") at an average price of $0.30 per common share.

On September 12, 2025, Mr. Paterson disclosed that his beneficial ownership in FUTR exceeded ten percent as a result of his holdings of common shares, vested stock options and warrants. Subsequently, FUTR completed a $6.5 million financing at $0.30 per Unit, of which Mr. Paterson purchased 700,000 Units for $210,000. Consequently, as a result of dilution from the financing, Mr. Paterson's percentage ownership decreased to below ten percent.

In addition to the 700,000 units purchased in the $0.30 financing, Mr. Paterson has since acquired 1,162,500 common shares, paying between $0.25 to $0.36 for each common share. As a result, Mr. Paterson owns, directly or exercises control or direction over a total of 10,334,103 common shares of FUTR, representing approximately 8.3 percent on a non-diluted basis and 10.5 percent on a partially diluted basis, assuming the exercise of 228,768 vested stock options and 2,847,826 warrants into common shares.

Mr. Paterson acquired control and direction of these FUTR shares for investment purposes. Depending on market conditions and other factors, Mr. Paterson may from time to time acquire and or dispose of securities of FUTR or may continue to hold his current position.

This news release is being issued as required by National Instrument 62-104 - Take-Over Bids and Issuer Bids and relates to FUTR, whose head office is located at 66 Wellington Street West, Suite 4100, Toronto, Ontario, M5K 1B7, and to Mr. Paterson. A copy of Mr. Paterson's Early Warning Report, required to be filed by him in connection with his acquisition of control and direction over these shares of FUTR, will be available on SEDAR+ at www.sedarplus.ca.

For more information please contact Mr. Paterson at spaterson@patersonpartners.com.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/277145

FAQ

What share purchases did G. Scott Paterson report for FUTR (FTRCF) on December 5, 2025?

He reported acquiring 197,500 common shares at an average of $0.30 and a total of 1,162,500 common shares at prices between $0.25–$0.36.

How many FUTR (FTRCF) shares does Mr. Paterson now own and what percent does that represent?

He owns or controls 10,334,103 shares, approximately 8.3% on a non-diluted basis and 10.5% on a partially diluted basis.

What was Mr. Paterson's involvement in FUTR's $6.5 million financing priced at $0.30 per unit?

He purchased 700,000 units in that financing for a total of $210,000.

Why did Mr. Paterson's non-diluted ownership fall below 10% after his earlier disclosure?

Dilution from FUTR's $6.5M financing lowered his percentage ownership below the previously disclosed 10% level.

Do Mr. Paterson's holdings include options and warrants for FUTR (FTRCF)?

Yes; the partial dilution calculation assumes 228,768 vested stock options and 2,847,826 warrants convertible into common shares.