14:38:28 EDT Sat 19 Jul 2025
Enter Symbol
or Name
USA
CA



Builddirect.com Technologies Inc
Symbol BILD
Shares Issued 42,074,624
Close 2025-07-17 C$ 1.58
Market Cap C$ 66,477,906
Recent Sedar Documents

ORIGINAL: BuildDirect Announces Non-Brokered Private Placement of up to $7 million

2025-07-18 18:38 ET - News Release

Vancouver, British Columbia--(Newsfile Corp. - July 18, 2025) - BuildDirect.com Technologies Inc. (TSXV: BILD) ("BuildDirect" or the "Company"), a leading omnichannel building material retailer, is pleased to announce a non-brokered private placement of common shares (the "Offering"). All references to dollars herein are in Canadian dollars ($) unless otherwise specified.

BuildDirect is pleased to announce the Offering of up to 6,100,000 common shares (each, a "Common Share") at a price of $1.15 per Common Share for total gross proceeds of up to approximately $7 million. The Company will use the net proceeds from the Offering to continue to advance BuildDirect's growth strategy and for general working capital purposes.

Closing of the Offering is subject to various conditions, including approval of the TSX Venture Exchange. No finder's fee is payable in connection with this financing.

The Company's three largest shareholders, Pelecanus Investments Ltd., Lyra Growth Partners Inc. and Beedie Investments Ltd. will participate in the Offering. Participation by these parties in the private placement constitutes a related party transaction as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is exempt from the formal valuation and minority approval requirements under MI 61-101 as the fair market value of these insiders' participation in the private placement will not exceed 25 per cent of the Company's market capitalization, as set forth in Sections 5.5(a) and 5.7(1)(a) of MI 61-101.

None of the securities issued in the private placement will be registered under the United States Securities Act of 1933, as amended (the "1933 Act"), and none of them may be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements of the 1933 Act and applicable state securities laws. This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of the securities in any state where such an offer, solicitation, or sale would be unlawful.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

About BuildDirect:

BuildDirect (TSXV: BILD) is an expanding omnichannel building materials retailer, specializing in Pro Centers-strategic distribution hubs designed to serve professional contractors and trades. The company is actively scaling its footprint through a combination of organic growth and strategic acquisitions, driving efficiency and market expansion. For more information, visit www.BuildDirect.com.

Forward-Looking Information:

This press release contains statements which constitute "forward-looking statements" and "forward-looking information" within the meaning of applicable securities laws (collectively, "forward-looking statements"), including statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to future business activities and operating performance. Forward-looking statements are often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" or similar expressions. These statements reflect management's current beliefs and expectations and are based on information currently available to management as at the date hereof.

Forward-looking statements in this press release included, without limitation, statements regarding participation by major shareholders in the private placement, the expected closing and use of proceeds of the private placement, and the Company's growth plans. Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. Among those factors are changes in consumer spending, availability of mortgage financing and consumer credit, changes in the housing market, changes in trade policies, tariffs or other applicable laws and regulations both locally and in foreign jurisdictions, availability and cost of goods from suppliers, fuel prices and other energy costs, interest rate and currency fluctuations and changes in general economic, business and political conditions. These forward-looking statements may be affected by risks and uncertainties in the business of the Company and general market conditions. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements.

Although the forward-looking statements contained in this press release reflect the Company's expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. There may be other risks, uncertainties and factors that cause results not to be as anticipated, estimated or intended and such changes could be material. These forward-looking statements are made as of the date of this press release, and BuildDirect assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.

For further information:

Shawn Wilson, CEO
shawnwilson@builddirect.com

BuildDirect Investor Relations
ir@builddirect.com

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/259368

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