TrustBIX Inc. Announces Private Placement

Rhea-AI Summary

TrustBIX (OTC:TBIXF) announced a non-brokered private placement of up to 50,000,000 units at $0.01 per unit, for gross proceeds of up to $500,000, subject to TSX Venture Exchange approval.

Each unit includes one share and a two-year warrant at $0.05, with acceleration and a four-month-plus-one-day hold period. Proceeds fund working capital, product development, commercialization, acquisitions, inventory, and debt repayment.

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

Positive

• Potential gross proceeds of up to $500,000 to fund operations and growth
• Investors receive a unit with one common share plus a two-year warrant at $0.05
• Warrant acceleration tied to share price trading at or above $0.10 for 20 days

Negative

• Issuance of up to 50,000,000 new shares may dilute existing shareholders
• Private placement securities subject to a four-month and one-day hold period
• Completion remains subject to corporate and regulatory approvals, including TSX Venture Exchange

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Edmonton, Alberta--(Newsfile Corp. - July 9, 2026) - TrustBIX Inc. (TSXV: TBIX) ("TrustBIX" or the "Company") is pleased to announce a non-brokered private placement (the "Private Placement") of up to 50,000,000 units ("Units") at a price of $0.01 per Unit for gross proceeds of up to $500,000, subject to receipt of all necessary corporate and regulatory approvals, including the approval of TSX Venture 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 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 award-winning technology company delivering scalable digital solutions designed 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 of accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/304515

FAQ

What did TrustBIX (TBIXF) announce in its July 9, 2026 private placement?

TrustBIX announced a non-brokered private placement of up to 50,000,000 units at $0.01 per unit for gross proceeds up to $500,000. According to TrustBIX, each unit includes one common share and one common share purchase warrant with a two-year term.

What are the terms of the TrustBIX (TBIXF) warrants in the 2026 private placement?

Each TrustBIX unit includes a warrant to buy one common share at $0.05 for two years from closing. According to TrustBIX, if the share price equals or exceeds $0.10 for 20 consecutive trading days, the company can accelerate the warrant expiry date.

How will TrustBIX (TBIXF) use the proceeds from the July 2026 private placement?

TrustBIX plans to use the private placement proceeds for general working capital, including product development and commercialization. According to TrustBIX, funds may also support potential strategic acquisitions, inventory procurement to back growth and operations, and repayment of debt obligations.

What is the maximum size and pricing of the TrustBIX (TBIXF) 2026 private placement?

The private placement is for up to 50,000,000 units priced at $0.01 each, targeting gross proceeds of up to $500,000. According to TrustBIX, completion is subject to corporate and regulatory approvals, including TSX Venture Exchange approval.

Are there resale restrictions on TrustBIX (TBIXF) securities from the 2026 private placement?

Yes, securities issued in the TrustBIX private placement will carry a statutory hold period of four months and one day after closing. According to TrustBIX, common shares are sold under prospectus exemptions available under National Instrument 45-106.

What does the TrustBIX (TBIXF) private placement mean for existing shareholders?

The private placement could dilute existing shareholders by issuing up to 50,000,000 new shares plus warrants. According to TrustBIX, the additional capital is intended to support working capital, growth initiatives, acquisitions, inventory, and debt repayment, which may impact long-term value.

Under which investor exemptions is the TrustBIX (TBIXF) private placement being offered?

TrustBIX will sell common shares under prospectus exemptions in National Instrument 45-106, including accredited investor and existing security holder exemptions. According to TrustBIX, exemptions also cover employees, executive officers, directors, and consultants participating in the financing.