TrustBIX Inc. Announces Closing of Previously Announced Private Placement

Rhea-AI Summary

TrustBIX (TBIXF) closed its previously announced non-brokered private placement, raising $227,000 in gross proceeds through the issuance of units. The company issued 22,700,000 units at $0.01 each, subject to final TSX Venture Exchange acceptance. Each unit contains one common share and one warrant to buy a common share at $0.05 for two years from closing.

TrustBIX can accelerate warrant expiry if the shares close at or above $0.10 for 20 consecutive trading days. Proceeds are allocated to working capital, including product development and commercialization, potential acquisitions, inventory and debt repayment. No finder's fees or other compensation were paid. A director acquired 500,000 common shares for $5,000. Summerhill Investment Corporation became an insider holding 12.10% of common shares. Issued securities carry a four-month and one-day hold period from closing.

2 points · 1 major

MixediHow this balance works

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

1 major · 3 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Major pointPrivate placement closed with $227,000 in gross proceeds for TrustBIX. 45% of market cap
• Minor pointFinancing incurred no finder's fees or other compensation.

Negative

• Major pointIssuance of 22,700,000 units at $0.01 each, each containing one common share, dilutes existing holders.
• Minor point. Forward-looking: it has not happened yet and may not happen.Each unit also includes one warrant exercisable at $0.05 for two years, creating potential additional dilution.
• Minor pointPrivate placement remains subject to final TSX Venture Exchange acceptance.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Edmonton, Alberta--(Newsfile Corp. - November 13, 2026) - TrustBIX Inc. (TSXV: TBIX) ("TrustBIX" or the "Company") announces the closing of the Company's previously announced non-brokered private placement (the "Private Placement"), as announced on July 9, 2026, August 25, 2026, September 22, 2026, and October 22, 2026. Pursuant to the Private Placement, the Company issued 22,700,000 units ("Units") at a price of $0.01 per Unit for gross proceeds of $227,000, subject to final acceptance by the TSX Venture Exchange (the "Exchange").

Each Unit is comprised of one (1) common share in the capital of TrustBIX ("Common Share") and one (1) Common Share purchase warrant ("Warrant"), whereby each Warrant entitles the holder to purchase one (1) Common Share at a price of $0.05 for a period of two (2) years from the date of closing. If the closing price of the Common Shares on the principal market on which such shares trade is equal to or exceeds $0.10 per Common Share for twenty (20) consecutive trading days, TrustBIX will have the right to accelerate the expiry date of the Warrants. In the event of acceleration, the expiry date will be accelerated to a date that is thirty (30) days after the date that the Company has issued a press release announcing the exercise of the acceleration right; and thereafter, no further notification will be provided by TrustBIX to the subscribers.

The proceeds will be used for general working capital purposes, including, but not limited to, funding product development and commercialization, potential strategic acquisitions of companies, inventory procurement to support growth and operations, and repayment of debt.

The securities issued under the Private Placement are subject to a four-month and one-day hold period from the time of closing of the Private Placement. No finder's fees or other compensation was paid in connection with the Private Placement.

A director of the Company participated in the private placement; they acquired an aggregate total of 500,000 Common Shares for $5,000. The participation of the insider in the private placement constitutes a Related Party Transaction within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The board of directors of the Company determined that the transaction is exempt from the formal valuation and minority shareholder approval requirements contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 for the related party transaction, as neither the fair market value of securities issued to the insiders nor the consideration paid by the insiders exceeded 25 percent of the Company's market capitalization.

Upon closing the Private Placement, Summerhill Investment Corporation became an insider to the Company holding 12.10% of the common shares of the Company.

The Common Shares issued under the Private Placement have been sold to investors pursuant to prospectus
exemptions available under National Instrument 45-106, including exemptions for: accredited investor; employee, executive officer, director and consultant; family, friends, and business associates; and existing security holders.

About TrustBIX (TSXV: TBIX)

TrustBIX is an agricultural technology company providing Gate to Plate® solutions to create a world where we trust more, waste less, and reward sustainable practices.

www.TrustBIX.com

Forward-Looking Information

This press release contains certain forward-looking information and reflects the Company's present assumptions regarding future events. These statements involve known and unknown risks, uncertainties, and other factors that may cause the Company's actual results, levels of activity, performance, and/or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements.

Certain statements contained in this document constitute forward-looking statements and information within the meaning of the applicable Canadian securities legislation. When used in this document, the words "may", "would", "could", "should", "will", "intend", "plan", "propose", "anticipate", "believe", "forecast", "estimate", "expect" and similar expressions used by any of the Company's management, are intended to identify forward-looking statements. Such statements reflect the Company's internal projections, expectations, future growth, performance and business prospects and opportunities and are based on information currently available to the Company. Since they relate to the Company's current views with respect to future events, they are subject to certain risks, uncertainties and assumptions. Many factors could cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. The Company does not intend, and does not assume any obligation, to update any such factors or to publicly announce the result of any revisions to any of the forward-looking statements contained herein to reflect future results, events or developments except as required by applicable securities legislation, regulations or policies.

FOR MORE INFORMATION CONTACT:

Mr. Hubert Lau
President and CEO
Telephone: (780) 456-2207
Email: info@trustbix.com

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/323976

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much did TrustBIX raise in its private placement, and at what price?

TrustBIX raised $227,000 in gross proceeds by issuing 22,700,000 units at $0.01 per unit. Each unit includes one common share and one warrant to purchase a common share at $0.05 for two years from closing.

How can TrustBIX accelerate the private placement warrants' expiry?

TrustBIX can accelerate expiry if its common shares close at $0.10 or higher for 20 consecutive trading days on their principal trading market. Accelerated expiry would fall 30 days after the company issues a press release exercising that right, with no further notification to subscribers.

Why was the TrustBIX director's private placement participation exempt from minority shareholder approval?

The board determined that the director's participation qualified for exemptions from formal valuation and minority shareholder approval because neither the securities' fair market value nor the consideration paid exceeded 25 percent of the company's market capitalization. The director acquired 500,000 common shares for $5,000.