Shelfie-Tech Provides Clarification on Private Placement

Rhea-AI Summary

Shelfie-Tech (OTCQB:SHLFF, CSE:SHLF) issued a clarification regarding its June 10 non-brokered private placement (the “Offering”).

The company stated that, contrary to the earlier disclosure, no related party will participate in the Offering. The Canadian Securities Exchange has neither approved nor disapproved this announcement.

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TORONTO, ON / ACCESS Newswire / June 11, 2026 / Shelfie-Tech Ltd. (CSE:SHLF)(OTCQB:SHLFF) ("Shelfie" or the "Company") wishes to clarify that further to its press release of June 10 regarding its non-brokered private placement (the "Offering") that contrary to what was disclosed no related party will be participating in the Offering.

Contacts

Bentsur Joseph
CEO
bentsur@shelfietech.com

Disclaimers

The Canadian Securities Exchange has in no way passed upon the merits of the Company and has neither approved nor disapproved the contents of this press release. Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release contains "forward-looking statements" within the meaning of the securities laws. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" and similar expressions or variations of such words are intended to identify forward-looking statements. Forward-looking statements are not historical facts, and are based upon management's current expectations, beliefs and projections, many of which, by their nature, are inherently uncertain. Such expectations, beliefs and projections are expressed in good faith. However, there can be no assurance that management's expectations, beliefs and projections will be achieved, and actual results may differ materially from what is expressed in or indicated by the forward-looking statements. In addition, we cannot assure that any patent will be issued as a result of a pending patent application or, if issued, whether it will be issued in a form that will be advantageous to us. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the forward-looking statements. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company's reports filed from time to time at sedarplus.ca. Forward-looking statements speak only as of the date the statements are made. The Company assumes no obligation to update forward-looking statements to reflect on actual results, subsequent events or circumstances, changes in assumptions or changes in other factors affecting forward-looking information except to the extent required by applicable securities laws. If the Company does update one or more forward-looking statements, no inference should be drawn that the Company will make additional updates with respect thereto or with respect to other forward-looking statements. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. The Company is not responsible for the contents of third-party websites.

SOURCE: ShelfieTech

View the original press release on ACCESS Newswire

FAQ

What clarification did Shelfie-Tech (SHLFF) provide about its private placement on June 11, 2026?

Shelfie-Tech clarified that no related party will participate in its non-brokered private placement. According to the company, this corrects information from a June 10 announcement that implied related party involvement in the Offering, aligning the disclosure with the current participation structure.

Does any related party participate in Shelfie-Tech’s (SHLFF) current non-brokered private placement Offering?

No, Shelfie-Tech stated that no related party will participate in the Offering. According to the company, this explicitly reverses prior disclosure suggesting related party involvement in the non-brokered private placement announced on June 10, 2026.

Why did Shelfie-Tech (SHLFF) issue a clarification about its June 10, 2026 private placement?

Shelfie-Tech issued the clarification to correct prior disclosure about participant relationships. According to the company, earlier communication suggested related party participation in the non-brokered private placement, but the updated notice confirms that no related party will be included in the Offering.

What role does the Canadian Securities Exchange have in Shelfie-Tech’s (SHLFF) June 11, 2026 clarification?

The Canadian Securities Exchange has not passed on the merits of Shelfie-Tech or this clarification. According to the disclaimer, the exchange and its Market Regulator neither approve nor disapprove the release and accept no responsibility for its adequacy or accuracy.

Who is the primary contact for investor questions about Shelfie-Tech’s (SHLFF) private placement clarification?

The primary contact is CEO Bentsur Joseph, as listed in the clarification. According to Shelfie-Tech, investors can reach him via the provided email address for questions related to the non-brokered private placement and associated disclosure update.