Subject: A-Labs | news release
Word Document
File: '\\swfile\EmailIn\20260618 183804 Attachment ALABS - 20260618 - NR - Close financing - no further tranche.doc'
A-LABS CAPITAL II CORP. ANNOUNCES COMPLETION
OF PRIVATE PLACEMENT
Vancouver, British Columbia, June 18, 2026 - A-Labs Capital II Corp. ("ALabs" or the "Company") announces further to the news release dated January 15, 2026, the Company will not close any further tranches in the financing.
As announced on January 15th, the Company closed the first tranche ("First Tranche") of its previously announced non-brokered private placement (the "Offering") of common shares (each, a "Share") at a price of $0.05 per Share. The Company issued 2,000,000 common shares for aggregate gross proceeds of $100,000 and no finder's fees were paid for this Offering. The Shares issued in the First Tranche had a hold period of four months which expired on May 15, 2026.
One insider of the Company subscribed for 500,000 Units under the Offering, which is a "related party transaction" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company has relied on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in subsections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of any related party participation in the Offering, as neither the fair market value of the subject matter of, nor the fair market value of the consideration for, the transaction, insofar as it involved the related parties, exceed 25% of the Company's market capitalization.
The Company intends to use the proceeds from the Offering for general working capital purposes.
For further information contact:
Sebastian Wahl
A-Labs Capital II Corp.
s.wahl@pirin.capital
+359-88-599-4300
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.
Certain information other than statements of historical facts contained in this news release constitutes "forward-looking information" or "forward-looking statements" (collectively, "forward-looking information"). Without limiting the foregoing, such forward-looking information includes statements regarding the Offering, Company's business plans, expectations, capital costs and objectives. In this news release, words such as "may", "would", "could", "will", "likely", "believe", "expect", "anticipate", "intend", "plan", "estimate" and similar words and the negative form thereof are used to identify forward-looking information. Forward-looking information should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. Forward-looking information is based on information available at the time and/or the Company management's good faith belief with respect to future events and is subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond the Company's control. The forward-looking information set forth herein reflects the Company's expectations as at the date of this news release and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
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