TrustBIX Inc. Announces Extension to Private Placement
Rhea-AI Summary
TrustBIX (TSXV: TBIX, OTC: TBIXF) has received a TSX Venture Exchange extension to complete its previously announced non-brokered private placement of up to 50,000,000 units at $0.01 per unit, for potential gross proceeds of up to $500,000, by no later than September 22, 2026, subject to final TSXV and regulatory approvals.
Each unit consists of one common share and one warrant, with each warrant exercisable at $0.05 for two years. Warrants may be accelerated if shares trade at or above $0.10 for 20 consecutive days. Proceeds are earmarked for working capital, product development and commercialization, potential acquisitions, inventory, and debt repayment. Securities will carry a four-month-plus-one-day hold and be sold under National Instrument 45-106 prospectus exemptions.
Positive
- Up to $500,000 potential gross proceeds to fund operations and growth
- Financing priced at $0.01 per unit with additional upside via warrants at $0.05
- Warrants have a two-year life, potentially providing future capital inflows
- TSXV extension allows closing by September 22, 2026, maintaining funding option
Negative
- Issuance of up to 50,000,000 new shares implies significant potential dilution
- Unit price of $0.01 per share signals a very low equity valuation point
- Securities subject to a 4-month+1-day hold, limiting immediate liquidity for investors
- Private placement remains subject to final TSXV and regulatory approvals
AI-generated analysis. How Rhea-AI works. Not financial advice.
Edmonton, Alberta--(Newsfile Corp. - August 25, 2026) - TrustBIX Inc. (TSXV: TBIX) ("TrustBIX" or the "Company") announces that the Company has been granted an extension by the TSX Venture Exchange ("TSXV") to complete the non-brokered private placement, as previously announced on July 9, 2026 (the "Private Placement"), of up to 50,000,000 units ("Units") at a price of
The Private Placement remains subject to the final acceptance of the TSXV and all regulatory approvals.
Details of this Private Placement:
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
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 to be issued pursuant to the Private Placement will be subject to a statutory hold period lasting four (4) months and one (1) day following the closing of the Private Placement.
The Common Shares issued under the Private Placement will be sold to investors pursuant to prospectus exemptions available under National Instrument 45-106, including exemptions for: accredited investor, employee, executive officer, director and consultant, 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.
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 of accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/311498