Dr. John Huber reports
TRIPSITTER COMPLETES DEBT SETTLEMENT AND ANNOUNCES FINANCING
Further to the press release on April 3, 2026, Tripsitter Clinic Ltd. has settled $292,311.48 in liabilities through the issuance of 4,102,616 common shares of the company at a deemed price of 7.125 cents per share. The common shares issued are subject to a hold period expiring Aug. 14, 2026.
Subsequent to the debt settlement, the company has 17,396,345 common shares issued and outstanding.
The company also announces that intends to complete a non-brokered private placement to raise gross proceeds of up to $200,000, comprising up to 1,777,778 common shares of the company at a price of 11.25 cents per common share. Securities issued under the offering will be subject to a statutory hold period of four months and one day from the date of issuance. Net proceeds of the offering will be used for general working capital purposes. The offering is subject to approval of the Canadian Securities Exchange.
The company may also pay finders' fees to certain eligible finders in accordance with applicable securities laws and the policies of the CSE.
Early warning disclosure
Immediately prior to the debt settlement, Enquity Consulting Inc., an Ontario, Canada, company controlled by Muhammad Aziz, owned and controlled 451,200 common shares of the company, representing approximately 3.39 per cent of the outstanding common shares of the company, prior to the debt settlement. As a result of the common shares issued to Enquity pursuant to the debt settlement, Enquity has ownership and control over 1,473,656 common shares of the company, representing 8.47 per cent of the issued and outstanding common shares of the company.
Immediately prior to the debt settlement, Notionhill Capital Inc., an Ontario, Canada, company controlled by Mr. Aziz, did not own and control any common shares of the company. As a result of the common shares issued to Notionhill pursuant to the debt settlement, Notionhill has ownership and control over 1,068,980 common shares of the company, representing 6.14 per cent of the issued and outstanding common shares of the company.
Enquity and Notionhill collectively own and control 14.61 per cent of the issued and outstanding common shares of the company. Enquity and Notionhill acquired the above-noted common shares for investment purposes. Enquity and/or Notionhill may in the future take such actions in respect of its holdings in the company as it may deem appropriate in light of the circumstances then existing, including the purchase of additional securities of the company through open market purchases or privately negotiated transactions or the sale of all or a portion of its individual holdings in the open market or in privately negotiated transactions to one or more purchasers, subject in each case to applicable securities law.
To obtain a copy of the early warning report under applicable Canadian provincial securities legislation, please go to the company's profile under SEDAR+.
We seek Safe Harbor.
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