PesoRama Announces Closing of Equity Financing for Gross Proceeds of $6.8M
PesoRama (OTC:PSSOF), a Canadian company operating dollar stores in Mexico under the JOI DOLLAR PLUS brand, has successfully closed its equity financing with gross proceeds of $6.8 million. The company sold 45,351,166 units at $0.15 per unit, with each unit comprising one common share and one purchase warrant.
The warrants are exercisable at $0.30 per share for 24 months from September 7, 2025, with an acceleration clause if the stock trades above $0.50 for ten consecutive days. The offering included 33.3 million units under LIFE exemption and 12 million units through private placements. The company paid $334,853 in cash commissions and issued 2.2 million finder warrants.
PesoRama (OTC:PSSOF), un'azienda canadese che gestisce negozi a basso costo in Messico con il marchio JOI DOLLAR PLUS, ha concluso con successo il suo finanziamento azionario con proventi lordi di 6,8 milioni di dollari. La società ha venduto 45.351.166 unità a 0,15 dollari ciascuna, con ogni unità composta da un'azione ordinaria e un warrant di acquisto.
I warrant possono essere esercitati a 0,30 dollari per azione per 24 mesi a partire dal 7 settembre 2025, con una clausola di accelerazione se il titolo supera i 0,50 dollari per dieci giorni consecutivi. L'offerta ha incluso 33,3 milioni di unità sotto esenzione LIFE e 12 milioni di unità tramite collocamenti privati. La società ha pagato 334.853 dollari in commissioni in contanti e ha emesso 2,2 milioni di warrant per i finder.
PesoRama (OTC:PSSOF), una empresa canadiense que opera tiendas de dólar en México bajo la marca JOI DOLLAR PLUS, ha cerrado con éxito su financiamiento de capital con ingresos brutos de 6.8 millones de dólares. La compañía vendió 45,351,166 unidades a 0.15 dólares por unidad, donde cada unidad incluye una acción común y un warrant de compra.
Los warrants son ejercibles a 0.30 dólares por acción durante 24 meses desde el 7 de septiembre de 2025, con una cláusula de aceleración si la acción cotiza por encima de 0.50 dólares durante diez días consecutivos. La oferta incluyó 33.3 millones de unidades bajo exención LIFE y 12 millones de unidades mediante colocaciones privadas. La empresa pagó 334,853 dólares en comisiones en efectivo y emitió 2.2 millones de warrants para intermediarios.
PesoRama (OTC:PSSOF)는 JOI DOLLAR PLUS 브랜드로 멕시코에서 달러 스토어를 운영하는 캐나다 회사로, 680만 달러의 총 자금 조달을 성공적으로 마무리했습니다. 회사는 1주당 0.15달러에 45,351,166 단위를 판매했으며, 각 단위는 보통주 1주와 구매 워런트 1개로 구성되어 있습니다.
워런트는 2025년 9월 7일부터 24개월 동안 주당 0.30달러에 행사 가능하며, 주가가 10일 연속 0.50달러 이상일 경우 가속 조항이 적용됩니다. 이번 공모에는 LIFE 면제 하에 3,330만 단위와 사모를 통한 1,200만 단위가 포함되었습니다. 회사는 334,853달러의 현금 수수료를 지급했고, 220만 개의 파인더 워런트를 발행했습니다.
PesoRama (OTC:PSSOF), une entreprise canadienne exploitant des magasins à bas prix au Mexique sous la marque JOI DOLLAR PLUS, a clôturé avec succès son financement par actions avec des produits bruts de 6,8 millions de dollars. La société a vendu 45 351 166 unités à 0,15 dollar chacune, chaque unité comprenant une action ordinaire et un bon de souscription d'achat.
Les bons sont exerçables à 0,30 dollar par action pendant 24 mois à compter du 7 septembre 2025, avec une clause d'accélération si le titre se négocie au-dessus de 0,50 dollar pendant dix jours consécutifs. L'offre comprenait 33,3 millions d'unités sous exemption LIFE et 12 millions d'unités par placements privés. La société a payé 334 853 dollars en commissions en espèces et a émis 2,2 millions de bons de recherche.
PesoRama (OTC:PSSOF), ein kanadisches Unternehmen, das Dollar-Läden in Mexiko unter der Marke JOI DOLLAR PLUS betreibt, hat seine Eigenkapitalfinanzierung erfolgreich mit Bruttoerlösen von 6,8 Millionen US-Dollar abgeschlossen. Das Unternehmen verkaufte 45.351.166 Einheiten zu je 0,15 US-Dollar, wobei jede Einheit aus einer Stammaktie und einem Kaufwarrant besteht.
Die Warrants sind für 24 Monate ab dem 7. September 2025 zum Preis von 0,30 US-Dollar pro Aktie ausübbar und enthalten eine Beschleunigungsklausel, falls die Aktie zehn Tage in Folge über 0,50 US-Dollar gehandelt wird. Das Angebot umfasste 33,3 Millionen Einheiten unter LIFE-Befreiung und 12 Millionen Einheiten durch Privatplatzierungen. Das Unternehmen zahlte 334.853 US-Dollar an Barprovisionen und gab 2,2 Millionen Finder-Warrants aus.
- Oversubscribed financing indicates strong investor confidence
- Secured significant capital of $6.8M for expansion
- Strategic plan to accelerate store rollout across Mexico City
- Warrant structure provides potential additional future funding at $0.30 per share
- Significant dilution with 45.3M new units issued
- Related party transaction with insiders participating in 2.17M units
- Additional dilution potential from 2.2M finder warrants
Toronto, Ontario--(Newsfile Corp. - July 9, 2025) - PesoRama Inc. (TSXV: PESO) (OTC Pink: PSSOF) (FSE: ZE6) ("PesoRama" or the "Company"), a Canadian company operating dollar stores in Mexico under the JOI DOLLAR PLUS brand, is pleased to announce the closing of the Company's equity offering, first announced on June 10, 2025 and subsequently on July 7, 2025, for gross proceeds of
"We are very pleased to close this financing, which marks a significant milestone in our growth strategy," said Rahim Bhaloo, CEO of PesoRama. "The financing was oversubscribed, reflecting strong investor interest and confidence in our strategy and vision. This capital will enable us to accelerate the rollout of new store locations across Mexico City and beyond, bringing affordable everyday products to more communities while driving long-term value for our shareholders."
Each Unit is comprised of one common share of the Company (a "Common Share") and one Common Share purchase warrant of the Company (a "Warrant"). Each Warrant will entitle the holder thereof to acquire one Common Share (a "Warrant Share") at a price of
Of the total offering, 33,333,333 Units were issued pursuant to the listed issuer financing exemption (LIFE) under Part 5A of National Instrument 45-106 and 12,017,833 Units pursuant to private placements to accredited investors in Canada and the U.S.
In connection with the offering, the Company paid a cash commission of
The Company intends to use the net proceeds raised from the offering for store expansion and working capital.
The offering remains subject to final approval of the TSXV.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in the United States or in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been and will not be registered under the 1933 Act, or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.
MI 61-101 Disclosure
The offering constituted a "related party transaction" as defined in Multilateral Instrument 61-101 - Protection of Minority Securityholders in Special Transactions ("MI 61-101"), as insiders of the Company and their related parties subscribed for a total of 2,166,667 Units. The Company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the fair market value of the participation in the offering by the insiders does not exceed
About PesoRama Inc.
PesoRama, operating under the JOI DOLLAR PLUS brand, is a Mexican value dollar store retailer. PesoRama launched operations in 2019 in Mexico City and the surrounding areas targeting high density, high traffic locations. PesoRama's 27 stores offer consistent merchandise offerings which include items in the following categories: household goods, pet supplies, seasonal products, party supplies, health and beauty, snack food items, confectionery and more. For more information, visit: http://pesorama.ca.
For further information, please contact:
Rahim Bhaloo
Founder, CEO & Chairman
rahim@rahimbhaloo.com
416-816-3291
Cautionary Note
This press release contains "forward-looking information" within the meaning of applicable securities laws, including, among other things, statements regarding the intended use of proceeds of the offering and the final approval of the closing of the offering by the TSXV. While the Company believes that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements, including due to changes in consumer behaviour, general economic factors, the ability of the Company to execute its strategies, the availability of capital and the risk factors which are discussed in greater detail in the "Risk Factors" section of the Company's prospectus dated January 31, 2022 and filed under the Company's profile on www.sedarplus.ca. The statements in this press release are made as of the date of this release. PesoRama undertakes no obligation to comment on analyses, expectations or statements made by third-parties in respect of PesoRama, its securities, or its financial or operating results (as applicable).
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 or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/258303
FAQ
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