PesoRama Announces Overnight Marketed $7 Million Non-Brokered Private Placement
Rhea-AI Summary
PesoRama (OTC: PSSOF) announced a non-brokered private placement of up to 20,000,000 units at $0.35 per unit to raise $7.0 million. Each unit includes one common share and one-half warrant exercisable at $0.50 for 36 months, with a potential acceleration at $0.75.
Proceeds are earmarked for store expansion and general corporate purposes. Closing is expected on or about April 21, 2026, subject to TSXV and other approvals. Finder fees up to 7% and a $25,000 Platform fee to Markette were disclosed.
Positive
- $7.0 million gross proceeds expected from the placement
- Proceeds directed to store expansion under JOi Dollar Plus
- Use of a digital Platform may broaden investor access
Negative
- 20,000,000 units issued could materially dilute existing shareholders
- Finder fees up to 7% plus a $25,000 Platform fee
- Outstanding warrants exercisable at $0.50 add potential future dilution
News Market Reaction – PSSOF
In the Apr 9 session, PSSOF declined 4.41%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Toronto, Ontario--(Newsfile Corp. - April 8, 2026) - 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 that it intends to complete a non-brokered private placement of up to 20,000,000 units (the "Units") at an issue price of
Each Unit will be comprised of one common share in the capital of the Company (each, a "Common Share") and one half of one Common Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will entitle the holder thereof to acquire one Common Share (a "Warrant Share") at a price of
The gross proceeds raised from the Private Placement will be used for store expansion and general corporate purposes.
The Private Placement is non-brokered; however, the Company may pay finder's fees of up to
The Company has entered into an agreement with Markette Ventures Inc. ("Markette"), the operator of a digital technology platform (the "Platform") that facilitates the distribution of securities on a prospectus-exempt basis. The Platform enables prospective investors to select a registered investment dealer to act on their behalf in connection with the purchase of Units offered by the Company under the Private Placement. In connection with the use of the Platform, the Company will pay Markette a fee of
The Private Placement is expected to close on or about April 21, 2026 or such other date or dates as may be determined by the Company (each such date, a "Closing Date").
Closing of the Private Placement is subject to receipt of all necessary corporate and regulatory approvals, including the approval of TSXV. All securities issued in connection with the Private Placement will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation.
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.
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 35 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 completion of the Private Placement, the Closing Date, the intended use of proceeds of the Private Placement and the approval of the closing of the Private Placement 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/291684