INTURAI VENTURES ANNOUNCES CLOSING OF FIRST TRANCHE OF PRIVATE PLACEMENT

Rhea-AI Summary

Inturai Ventures (CSE: URAI, OTC: URAIF, FSE: 3QG0) has closed the first tranche of its previously announced non-brokered private placement of up to 8,500,000 units at $0.15 per Unit for potential gross proceeds of up to $1,275,000.

In this first tranche, the company issued 6,273,331 Units, raising aggregate gross proceeds of $940,999.65. Each Unit includes one common share and one warrant exercisable at $0.25 for 24 months, with an accelerated expiry if the share price trades at or above $0.35 for five consecutive trading days.

According to Inturai Ventures, proceeds are expected to be used for research and development, business development and general working capital. The Units were issued under the Listed Issuer Financing Exemption in most Canadian provinces (excluding Quebec) and other qualifying jurisdictions, and are immediately free-trading under Canadian securities laws. The company also paid $9,900 and issued 66,000 finder warrants to certain arm's-length finders.

Positive

• First tranche proceeds of $940,999.65 from 6,273,331 Units at $0.15
• Potential total private placement proceeds of up to $1,275,000
• Each Unit includes a full warrant exercisable at $0.25 for 24 months
• Units issued under the Listed Issuer Financing Exemption are immediately free-trading in Canada
• Stated use of proceeds for R&D, business development, working capital

Negative

• Issuance of 6,273,331 new shares plus equal number of warrants creates dilution
• Additional potential dilution from remaining Units of the up to 8,500,000-Unit offering
• Finder compensation of $9,900 cash and 66,000 finder warrants adds to overhang

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

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(CSE: URAI / OTC: URAIF / FSE: 3QG0)
investor@inturai.com

Highlights

• The Company has completed the first tranche of its previously announced non-brokered private placement, issuing 6,273,331 Units at a price of $0.15 per Unit for gross proceeds of $940,999.65.
• The Company expects to close the remainder of the Offering in one or more tranches in the coming weeks.

VANCOUVER, BC, Aug. 28, 2026 /PRNewswire/ -- Inturai Ventures Corp. (the "Company") (CSE: URAI) (OTC: URAIF) (FSE: 3QG0) is pleased to announce that it has closed the first tranche of its previously announced non-brokered private placement of up to 8,500,000 units (each, a "Unit") at a price of $0.15 per Unit for gross proceeds of up to $1,275,000 (the "Offering"). Under the first tranche of the Offering, the Company issued 6,273,331 Units for aggregate gross proceeds of $940,999.65.

Each Unit consists of one common share of the Company (each, a "Share") and one share purchase warrant (each, a "Warrant"). Each Warrant entitles the holder to acquire an additional common share of the Company at a price of $0.25 for a period of twenty-four months following the date of issuance. The Warrants are subject to an accelerated expiry if, any time following the date of issuance, the closing price of the Shares on the Canadian Securities Exchange, or such other market as the Shares may trade from time to time, is or exceeds $0.35 for five (5) consecutive trading days, in which event the holders of the Warrants may, at the Company's election, be given notice and the Company will issue a press release announcing that the Warrants will expire thirty (30) days following the date of such press release. The Warrants may be exercised by the holder of the Warrants during the 30-day period between the date of the press release announcing the accelerated expiry date and the expiration of the Warrants.

The Company expects to close the remainder of the Offering in one or more tranches in the coming weeks. The Company expects to utilize the proceeds of the Offering for research and development, business development and general working capital purposes.

The Units issued under the first tranche Offering were offered for sale pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions (the "Listed Issuer Financing Exemption"), in each of the provinces of Canada, except Quebec, and other qualifying jurisdictions, including the United States. The Units offered under the Listed Issuer Financing Exemption will be immediately "free-trading" under applicable Canadian securities laws.

In connection with closing of the first tranche of the Offering, the Company paid $9,900 and issued 66,000 finder warrants (each, a "Finders' Warrant") to certain arm's-length parties (each, a "Finder") who assisted in introducing subscribers to the Offering. Each Finders' Warrant entitles the holder to acquire one common share of the Company at a price of $0.25 until August 28, 2028. All securities issued to Finders are subject to restrictions on resale until December 29, 2026 in accordance with applicable securities laws and the policies of the Canadian Securities Exchange.

This press release is not an offer to sell or the solicitation of an offer to buy the securities in the United States or in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from U.S. registration requirements and applicable U.S. state securities laws.

The Amended and Restated Offering Document (the "Offering Document") related to this Offering can be accessed under the Company's profile at www.sedarplus.ca and on the Company's website at www.inturai.com. Prospective investors should read this Offering Document before making an investment decision. 

About Inturai Ventures

Inturai Ventures is advancing intelligent environments with cutting-edge AI technologies, transforming industries such as healthcare, military, smart homes, and industrial applications. For more information, visit www.inturai.com.

On behalf of the Board of Directors

Ed Clarke, CEO
Inturai Ventures Corp.
Email: investor@inturai.com
Phone: (+1) 604 339-0339

Forward-Looking Statements

This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements are frequently characterized by words such as "anticipates", "plan", "continue", "expect", "project", "intend", "believe", "estimate", "may", "will", "potential", "proposed", "positioned" and other similar words, or statements that certain events or conditions "may" or "will" occur and include, but are not limited to, statements with respect to the intended use of proceeds from the Offering and the anticipated closing of the remainder of the Offering. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to general business, economic, competitive, political and social uncertainties, uncertain capital markets; and delay or failure to receive board or regulatory approvals. The reader is cautioned that the assumptions used in the preparation of the forward-looking statements may prove to be incorrect and the actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what benefits, including the amount of proceeds, the Company will derive therefrom. Readers are cautioned that the foregoing list of factors is not exhaustive. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

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SOURCE INTURAI VENTURES CORP.

FAQ

What did Inturai Ventures (URAIF) announce about its private placement on August 28, 2026?

Inturai Ventures announced closing the first tranche of a non-brokered private placement, issuing 6,273,331 Units at $0.15 for gross proceeds of $940,999.65. According to Inturai Ventures, the full offering targets up to 8,500,000 Units for potential proceeds of $1,275,000.

How many shares and warrants were issued in Inturai Ventures’ (URAIF) first tranche financing?

The first tranche included 6,273,331 Units, each with one common share and one warrant. According to Inturai Ventures, each warrant allows the holder to buy an additional share at $0.25 for 24 months, with an accelerated expiry feature tied to the share price.

What are the warrant terms in Inturai Ventures’ (URAIF) August 2026 private placement?

Each Unit’s warrant is exercisable at $0.25 for 24 months. According to Inturai Ventures, if the share price closes at or above $0.35 for five consecutive days, the company may accelerate expiry so warrants terminate 30 days after a related press release.

How will Inturai Ventures (URAIF) use the proceeds from the first tranche of its private placement?

Inturai Ventures plans to use the proceeds for research and development, business development and general working capital. According to Inturai Ventures, the $940,999.65 raised in the first tranche supports these corporate initiatives while the company expects to close remaining tranches in coming weeks.

Are the Inturai Ventures (URAIF) private placement Units free-trading for investors?

Yes, the Units issued in the first tranche are immediately free-trading under Canadian securities laws. According to Inturai Ventures, they were offered under the Listed Issuer Financing Exemption in most Canadian provinces (excluding Quebec) and other qualifying jurisdictions, including the United States.

What finder fees were paid in Inturai Ventures’ (URAIF) August 28, 2026 private placement tranche?

Inturai Ventures paid $9,900 in cash and issued 66,000 finder warrants to certain arm’s-length finders. According to Inturai Ventures, each finder warrant is exercisable at $0.25 until August 28, 2028, and these securities are subject to resale restrictions until December 29, 2026.

What is the remaining size of Inturai Ventures’ (URAIF) non-brokered private placement after the first tranche?

The full private placement is for up to 8,500,000 Units at $0.15 each. According to Inturai Ventures, the first tranche placed 6,273,331 Units, and the company expects to close the remaining portion in one or more tranches in the coming weeks.