PesoRama Announces Grants of Stock Options and Issuance of Shares
PesoRama (TSXV: PESO), a Canadian company operating dollar stores in Mexico under the JOi Dollar Plus brand, has announced two key corporate actions. The company has granted 10,400,000 incentive stock options at an exercise price of $0.23 per share to directors, officers, and employees, with a five-year exercise period.
Additionally, PesoRama will issue 656,250 common shares at $0.20 per share as part of a debt settlement worth $131,250 with certain directors. This related party transaction is subject to regulatory approvals and includes a four-month statutory hold period. The company is utilizing exemptions from formal valuation and minority shareholder approval requirements under MI 61-101.
PesoRama (TSXV: PESO), società canadese che gestisce negozi a basso prezzo in Messico con il marchio JOi Dollar Plus, ha annunciato due operazioni societarie importanti. Ha conceduto 10.400.000 opzioni sui titoli incentivanti a un prezzo di esercizio di $0,23 per azione a favore di amministratori, dirigenti e dipendenti, con un periodo di esercizio di cinque anni.
Inoltre, PesoRama emetterà 656.250 azioni ordinarie al prezzo di $0,20 per azione nell’ambito di una ristrutturazione del debito pari a $131.250 con alcuni amministratori. Questa operazione tra parti correlate è subordinata alle approvazioni regolamentari e prevede un periodo di blocco statutario di quattro mesi. La società si avvale delle esenzioni dai requisiti di valutazione formale e di approvazione degli azionisti di minoranza ai sensi del MI 61-101.
PesoRama (TSXV: PESO), compañía canadiense que opera tiendas de dólar en México bajo la marca JOi Dollar Plus, ha anunciado dos medidas corporativas clave. La empresa ha otorgado 10.400.000 opciones sobre acciones incentivas a un precio de ejercicio de $0,23 por acción a directores, ejecutivos y empleados, con un periodo de ejercicio de cinco años.
Adicionalmente, PesoRama emitirá 656.250 acciones ordinarias a $0,20 por acción como parte de la cancelación de una deuda por $131.250 con ciertos directores. Esta transacción entre partes relacionadas está sujeta a aprobaciones regulatorias e incluye un período de retención estatutario de cuatro meses. La compañía está utilizando exenciones a los requisitos de valoración formal y de aprobación por parte de accionistas minoritarios conforme al MI 61-101.
PesoRama (TSXV: PESO)는 JOi Dollar Plus 브랜드로 멕시코에서 달러 스토어를 운영하는 캐나다 회사로서 두 가지 주요 기업 조치를 발표했습니다. 회사는 이사, 임원 및 직원에게 행사가격 주당 $0.23로 10,400,000개의 인센티브 주식옵션을 부여했으며, 행사기간은 5년입니다.
또한 PesoRama는 일부 이사들과의 $131,250 상당의 채무 정산의 일환으로 656,250주의 보통주를 주당 $0.20에 발행할 예정입니다. 이 특수관계자 거래는 규제 당국의 승인 대상이며 법정 4개월 보유기간이 포함됩니다. 회사는 MI 61-101에 따른 정식 평가 및 소수주주 승인 요건에 대한 면제를 적용하고 있습니다.
PesoRama (TSXV: PESO), société canadienne exploitant des magasins à bas prix au Mexique sous la marque JOi Dollar Plus, a annoncé deux mesures corporatives importantes. La société a accordé 10 400 000 options d'achat d'actions incitatives à un prix d'exercice de 0,23 $ par action à des administrateurs, dirigeants et employés, avec une période d'exercice de cinq ans.
De plus, PesoRama émettra 656 250 actions ordinaires à 0,20 $ par action dans le cadre d'un règlement de dette de 131 250 $ avec certains administrateurs. Cette transaction entre parties liées est soumise aux approbations réglementaires et comprend une période de blocage statutaire de quatre mois. La société se prévaut des exemptions aux exigences d'évaluation formelle et d'approbation des actionnaires minoritaires prévues par le MI 61-101.
PesoRama (TSXV: PESO), ein kanadisches Unternehmen, das in Mexiko Discountläden unter der Marke JOi Dollar Plus betreibt, hat zwei wesentliche Unternehmensmaßnahmen bekanntgegeben. Das Unternehmen hat 10.400.000 Incentive-Aktienoptionen zu einem Ausübungspreis von $0,23 je Aktie an Direktoren, Führungskräfte und Mitarbeiter gewährt; die Ausübungsfrist beträgt fünf Jahre.
Zusätzlich wird PesoRama 656.250 Stammaktien zu $0,20 je Aktie im Rahmen der Begleichung einer Verbindlichkeit in Höhe von $131.250 an bestimmte Direktoren ausgeben. Diese mit nahestehenden Parteien getätigte Transaktion bedarf behördlicher Genehmigungen und beinhaltet eine viermonatige gesetzliche Sperrfrist. Das Unternehmen macht von den Ausnahmen gegenüber formellen Bewertungs- und Minderheitsaktionärszustimmungsanforderungen gemäß MI 61-101 Gebrauch.
- Company improving balance sheet through $131,250 debt settlement
- Implementation of employee incentive program through 10.4M stock options
- Potential dilution from issuance of 656,250 new shares
- Related party transaction with directors may raise governance concerns
Toronto, Ontario--(Newsfile Corp. - August 22, 2025) - PesoRama Inc. (TSXV: PESO) ("PesoRama" or the "Company"), a Canadian company operating dollar stores in Mexico under the JOi Dollar Plus brand, announces that it has granted an aggregate of 10,400,000 incentive stock options (the "Options") exercisable at a price of
Each Option is exercisable to acquire one common share of the Company at a price of
The Debt Settlement remains subject to receipt of all necessary corporate and regulatory approvals, including the approval of the TSX Venture Exchange. All securities issued in connection with the Debt Settlement will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation. The Debt Settlement will constitute 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 will be issued an aggregate of 656,250 common shares. The Company is relying on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(b) and 5.7(1)(a) of MI 61-101, as the Company is not listed on a specified market and the fair market value of the common shares being issued to insiders in connection with the Debt Settlement 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 28 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 and 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 Company's planned expansion, new store openings and expected future developments and other factors that have been considered appropriate. 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/263621
FAQ
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