Mr. Piyush Sawhney reports
DR. PHONE FIX ANNOUNCES FURTHER EXTENSION OF NON-BROKERED CONVERTIBLE DEBENTURE UNIT FINANCING
Dr. Phone Fix Canada Corp. has received approval from the TSX Venture Exchange to further extend the deadline of its previously announced non-brokered private placement of convertible debenture units of the company for gross proceeds of up to $2.5-million as described in its news release dated May 19, 2026, to Sept. 30, 2026. The company has closed the first and second tranches of the offering, for aggregate gross proceeds of $1,608,000, on June 24, 2026, and July 18, 2026, respectively. The company previously requested, and the TSX-V granted, an extension of such filing deadline to July 31, 2026, as announced in the company's news release dated June 29, 2026, and a further extension of such filing deadline to Aug. 31, 2026, as announced in the company's new release dated July 31, 2026.
Each unit is composed of: (i) one $1,000 principal amount unsecured convertible debenture of the company; and (ii) 3,125 common share purchase warrants of the company. Additional detail on the offering, including terms of the convertible debentures and warrants, is set out in the prior news release.
All securities issued pursuant to the offering, including any common shares issuable upon conversion of the convertible debentures or exercise of the warrants and finders' warrants, are subject to a statutory hold period of four months and one day from the closing of the offering in accordance with applicable securities laws and TSX-V policies.
The offering remains subject to final acceptance of the TSX-V.
About Dr. Phone Fix Canada Corp.
Dr. Phone Fix is a national, award-winning, ecofriendly and customer-centric leader in Canada's cellphone and electronics repair and certified preowned device industry. Founded in 2019, the company now operates 44 retail locations nationwide through a standardized and scalable operating platform designed to support consistent execution across multiple markets, delivering fast, reliable and environmentally conscious repair services alongside a curated selection of certified preowned devices and premium accessories. Dr. Phone Fix maintains strong partnerships with original equipment manufacturers and certified suppliers, ensuring consistently high-quality standards across its national footprint. With a focus on responsible device life cycle management, customer service and operational discipline, Dr. Phone Fix continues to set the benchmark for device care and resale in Canada.
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