Ms. Liberty Brunet reports
BEACN CLOSES FIRST TRANCHE OF NON-BROKERED PRIVATE PLACEMENT
Beacn Wizardry & Magic Inc. has closed the first tranche of its non-brokered private placement previously announced on Nov. 21, 2025. Under the first tranche, the company issued 3,043,478 common shares of the company at a price of 11.5 cents per share for gross proceeds of $350,000.
The proceeds from the offering will be used to: (i) accelerate the company's business-to-business and business-to-consumer sales initiatives; (ii) support strategic inventory purchases of current and new products; (iii) continue research and development of new products; and (iv) finance general working capital.
The private placement is subject to certain closing conditions, including, but not limited to, the receipt of all necessary approvals, including the final approval of the TSX Venture Exchange. The company did not pay any finders' fees in connection with the private placement. The securities issued under the private placement will be subject to a hold period under applicable securities laws in Canada expiring four months and one day from the closing date of the private placement.
About Beacn Wizardry & Magic Inc.
Beacn, based in Victoria, B.C., is a consumer electronics company, and develops innovative audio equipment, peripherals and technology for gamers, live streamers and content creators. Beacn is committed to delivering premium products that enable everyone to produce studio-quality content. Beacn's award-winning product ecosystem includes Beacn Mic, Beacn Mic Stand, Beacn Mix Create and Beacn Studio. Beacn is listed on the TSX Venture Exchange under the symbol BECN.
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