Rhea-AI Impact
Rhea-AI Sentiment
Rhea-AI Summary
TrustBIX Inc. (TSXV: TBIX) has completed the second and final tranche of its non-brokered private placement, issuing 1,550,000 common shares at $0.02 per share for gross proceeds of $31,000. Combined with the first tranche, the company has raised total gross proceeds of $86,800 through the issuance of 4,340,000 common shares.
A director and officer participated in the placement, acquiring 640,000 shares for $12,800. This insider participation was deemed exempt from formal valuation and minority shareholder approval requirements. The shares are subject to a four-month and one-day hold period, and no finder’s fees were paid. The proceeds will be used for ongoing working capital.
TrustBIX Inc. (TSXV: TBIX) ha completato il secondo e ultimo lotto della sua offerta privata non mediata, emettendo 1.550.000 azioni ordinarie a $0,02 per azione per un ricavato lordo di $31.000. Combinato con il primo lotto, l’azienda ha raccolto un totale di $86.800 attraverso l’emissione di 4.340.000 azioni ordinarie.
Un direttore e un funzionario hanno partecipato all’offerta, acquisendo 640.000 azioni per $12.800. Questa partecipazione interna è stata considerata esente da valutazione formale e dai requisiti di approvazione da parte degli azionisti di minoranza. Le azioni sono soggette a un periodo di blocco di quattro mesi e un giorno, e non sono state pagate commissioni di intermediazione. I proventi saranno utilizzati per il capitale circolante in corso.
TrustBIX Inc. (TSXV: TBIX) ha completado el segundo y último tramo de su colocación privada no mediada, emitiendo 1.550.000 acciones ordinarias a $0,02 por acción para ingresos brutos de $31.000. Junto con el primer tramo, la compañía ha recaudado un total de $86.800 a través de la emisión de 4.340.000 acciones ordinarias.
Un director y un funcionario participaron en la colocación, adquiriendo 640.000 acciones por $12.800. Esta participación interna se consideró exenta de evaluación formal y de los requisitos de aprobación de accionistas minoritarios. Las acciones están sujetas a un período de retención de cuatro meses y un día, y no se pagaron comisiones de intermediación. Los ingresos se utilizarán para capital de trabajo en curso.
TrustBIX Inc. (TSXV: TBIX)가 중개인이 없는 사모펀드의 두 번째이자 마지막 트랜치를 완료하고, 주당 0.02달러에 1,550,000주를 발행하여 총 $31,000의 수익을 올렸습니다. 첫 번째 트랜치와 합쳐서, 회사는 4,340,000주의 발행을 통해 총 $86,800의 수익을 모았습니다.
이사와 임원이 이 사모에 참여하여 640,000주를 $12,800에 인수했습니다. 이 내부자의 참여는 공식 평가 및 소액주주 승인 요건으로부터 면제된 것으로 간주되었습니다. 주식은 4개월 1일의 보유 기간이 있으며, 중개 수수료는 지급되지 않았습니다. 수익금은 계속되는 운영 자금으로 사용될 예정입니다.
TrustBIX Inc. (TSXV: TBIX) a complété la deuxième et dernière tranche de son placement privé non intermédié, émettant 1.550.000 actions ordinaires à 0,02 $ par action pour un produit brut de 31.000 $. Combiné avec la première tranche, la société a levé un produit brut total de 86.800 $ grâce à l’émission de 4.340.000 actions ordinaires.
Un directeur et un responsable ont participé au placement, acquérant 640.000 actions pour 12.800 $. Cette participation interne a été jugée exemptée des exigences d’évaluation formelle et d’approbation des actionnaires minoritaires. Les actions sont soumises à une période de retenue de quatre mois et un jour, et aucune commission de placement n’a été versée. Les produits seront utilisés pour le fonds de roulement en cours.
TrustBIX Inc. (TSXV: TBIX) hat die zweite und letzte Tranche seiner nicht vermittelten Privatplatzierung abgeschlossen und 1.550.000 Stammaktien zu 0,02 $ pro Aktie ausgegeben, was zu einem Bruttoerlös von 31.000 $ führt. Zusammen mit der ersten Tranche hat das Unternehmen insgesamt 86.800 $ durch die Ausgabe von 4.340.000 Stammaktien gesammelt.
Ein Direktor und ein Führungskraft haben an der Platzierung teilgenommen und 640.000 Aktien für 12.800 $ erworben. Diese Insider-Teilnahme wurde von der formalen Bewertung und den Genehmigungsanforderungen der Minderheitsaktionäre befreit. Die Aktien unterliegen einer Haltedauer von vier Monaten und einem Tag, und es wurden keine Vermittlungsgebühren gezahlt. Die Erlöse werden für das laufende Betriebskapital verwendet.
Positive
- Raised $86,800 in total gross proceeds through private placement
- Insider participation demonstrates management confidence with $12,800 investment
Negative
- Low share price of $0.02 indicates potential financial distress
- Small capital raise amount suggests funding capability
- Reliance on minimum pricing exemption due to sub-$0.05 share price
Edmonton, Alberta–(Newsfile Corp. – December 30, 2024) – TrustBIX Inc. (TSXV: TBIX) (“TrustBIX” or the “Company”) announces the closing of the second and final tranche (the “Final Tranche“) of its non-brokered private placement (the “Private Placement“), previously announced on November 13, 2024 and December 5, 2024. Under the Final Tranche, the Company issued 1,550,000 common shares of the Company (“Common Shares“) at a price of $0.02 per Common Share for gross proceeds of $31,000, subject to final acceptance by the TSX Venture Exchange (the “Exchange“).
Pursuant to the Private Placement the Company has issued an aggregate of 4,340,000 Common Shares at a price of $0.02 per Common Share for gross proceeds of $86,800.
The Company conducted the Private Placement under various prospectus exemptions (“Exemptions“) in accordance with National Instrument 45-106, Prospectus Exemptions.
A director and an officer of the Company participated in the private placement; they acquired an aggregate total of 640,000 Common Shares for $12,800. The participation of these insiders 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.
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
As the financing is below $0.05, the Company is relying on the minimum pricing exemption provided by the Exchange and is providing a brief description on the use of proceeds being raised. The proceeds will be used for ongoing working capital.
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. Our award-winning technologies offer practical tools trusted by local and international agri-food organizations.
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.
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/235563
FAQ
How much did TrustBIX (TBIX) raise in its final tranche of private placement?
TrustBIX raised $31,000 in the final tranche by issuing 1,550,000 common shares at $0.02 per share.
What are the total proceeds from TBIX’s private placement?
The total gross proceeds from both tranches of the private placement were $86,800 through the issuance of 4,340,000 common shares.
How many shares did TBIX insiders purchase in the private placement?
A director and an officer of TrustBIX purchased a total of 640,000 common shares for $12,800.
What is the hold period for TBIX shares issued in this private placement?
The shares issued under the private placement are subject to a four-month and one-day hold period from the closing date.
How will TBIX use the proceeds from this private placement?
The proceeds from the private placement will be used for ongoing working capital purposes.
