Subject: News Release - Darelle Online Solutions Inc.
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File: Attachment News Release - Darelle Online Solutions Inc. (Private Placement).pdf
News
FOR IMMEDIATE RELEASE
DARELLE ANNOUNCES SUBMISSION TO TSX VENTURE EXCHANGE FOR
PRIVATE PLACEMENT, FINDER'S FEE, AND SHARE FOR DEBT SETTLEMENT
Vancouver, B.C. June 5, 2025 Darelle Online Solutions Inc. ("darelle" and/or the
"Company") (TSXV: "DAR") today announces that it has submitted the required filings
to the TSX Venture Exchange (the "Exchange") seeking approval for the following
transactions in accordance with Exchange policies:
Private Placement
The Company intends to complete a non-brokered private placement of up to 5,250,000
units (the "Units") at a price of $0.10 per Unit, for gross proceeds of up to $525,000 (the
"Private Placement"). Each Unit will consist of one common share of the Company and
one share purchase warrant (each, a "Warrant"). Each Warrant will entitle the holder to
acquire one additional common share at a price of $0.13 for a period of two (2) years
from the date of issuance.
A director of the Company intends to participate in the Private Placement for an
aggregate amount of $36,400, which would result in the issuance of 364,000 Units to
such director. The participation by the director in the Offering constitutes a "related party
transaction" within the meaning of TSX Venture Exchange Policy 5.9 and Multilateral
Instrument 61-101 Protection of Minority Holders in Special Transactions ("MI 61-
101").
The Company is relying on exemptions from the formal valuation and minority
shareholder approval requirements provided under MI 61-101 on the basis that the fair
market value of the securities to be distributed in the transaction, and the consideration
received by the Company from the director, does not exceed 25% of the Company's
market capitalization.
Finder's Fee
In connection with the Private Placement, the Company has agreed to pay eligible
finders a fee consisting of:
A cash commission of up to $65,625, representing 12.5% of the gross proceeds
raised by eligible finders; and
An issuance of up to 656,250 common shares, representing 12.5% of the Units
sold under the Private Placement, at a deemed price of $0.10 per share.
The payment of finder's fees is subject to compliance with applicable securities laws
and the approval of the Exchange.
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The Company intends to use the net proceeds from the Offering to fund the
development of the darelle Online Raffle Platform and to supplement general working
capital.
Completion of the Private Placement remains subject to the approval of the TSX
Venture Exchange. All securities issued in connection with these transactions will be
subject to a statutory four-month hold period in accordance with applicable securities
laws.
About Darelle Online Solutions Inc.
Darelle Online Solutions Inc. is a British Columbia corporation with its head office in
Vancouver, British Columbia. Darelle.com is an online marketplace which has
developed a platform in which charitable and nonprofit organizations can create, sell,
deliver, and manage their raffle ticket and 50/50 draws completely online. The Company
is listed on the TSX Venture Exchange as a Tier 2 Technology Issuer. The Company
has a total of 2,456,939 common shares issued and outstanding.
Additional information on the company can be found at www.darelle.com
For Further Information, Contact:
Dean Bethune
President & CEO
Phone (778) 840-3325
Email: dbethune@darelle.com
Certain statements in this release are forward-looking statements. Forward-looking
statements consist of statements that are not purely historical, including any statements
regarding beliefs, plans, expectations, or intentions regarding the future. Such
statements are subject to risks and uncertainties that may cause actual results,
performance, or developments to differ materially from those contained in the
statements. No assurance can be given that any of the events anticipated by the
forward-looking statements will occur or, if they do occur, what benefits the Company
will obtain from them. These forward-looking statements reflect management's current
views and are based on certain expectations, estimates and assumptions which may
prove to be incorrect. A number of risks and uncertainties could cause our actual results
to differ materially from those expressed or implied by the forward-looking statements,
as well as other factors beyond the Company's control. These forward-looking
statements are made as of the date of this news release.
Neither the TSX Venture Exchange Inc. 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 news release.
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