15:06:19 EDT Fri 03 Jul 2026
Enter Symbol
or Name
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International Parkside Products Inc
Symbol IPD
Shares Issued 16,508,054
Close 2026-07-02 C$ 0.055
Market Cap C$ 907,943
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Int'l Parkside clarifies $75,000 loan from director

2026-07-03 11:58 ET - News Release

Subject: IPD PDF Document

File: Attachment Loan Press Release2.pdf

INTERNATIONAL PARKSIDE PRODUCTS INC.

A Necessity, not a n Accessory

PRESS RELEASE

DATE: July __, 2026 TSX-V: IPD

International Parkside Products Inc. (the "Company") clarifies its press release dated May 20, 2026 at the request of the TSX Venture Exchange. The Company confirms that it has arranged a demand loan in the amount of $75,000 from a director/officer of the Company. The loan bears interest at 11%, payable monthly and on demand. The proceeds of the loan will be issued for continued corporate operations, and in particular the transaction is designed to improve the financial position of the Company. The Company will not be issuing any bonus shares as previously disclosed.

Since the loan was provided by a director, this constitutes a "related party transaction" as defined under Multilateral Instrument 61- 101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). Such participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101, as neither the fair market value of the loan exceed 25% of the Company's market capitalization. The Company did not file a material change report 21 days prior to the closing date as details of the respective participation of such insiders in the Offering was unknown at such time.

On behalf of the Board

Murray Keating, President and Chief Executive Officer

Neither 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. This release has been prepared by management and no regulatory authority has approved or disapproved the information contained herein.

#304 788 Beatty Street, Vancouver, BC, V6B 2M1 Tel: (604) 681-6472 Fax: (604) 681-6194 Toll Free: (877) 608-0868

Website: www.lenspen.com & www.ipd.ca Email: info@lenspen.com

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