Mr. James Anderson, a shareholder, reports
JAMES ANDERSON PROVIDES UPDATE ON HOLDINGS OF MYNDTEC INC.
James Anderson has provided an update to his ownership of common shares in the capital of Myndtec Inc. and common share purchase warrants of the issuer.
On Feb. 4, 2026, the issuer completed an additional tranche of a private placement of units announced on Jan. 30, 2025. It issued 650,970 units pursuant to the current tranche at a price of 20 cents per unit. Each unit is composed of one common share and one-half warrant. Each whole February, 2026, placement warrant is exercisable to acquire one common share at an exercise price of 24 cents per warrant share for a period of 36 months following the closing date.
The investor acquired 650,970 units pursuant to the current tranche.
Prior to the completion of the current tranche, the investor owned directly, and indirectly through Life Beyond Barriers LLC, 12,639,746 common shares and 5,819,143 warrants, representing approximately 50.31 per cent of the outstanding common shares on a partially diluted basis.
Prior to the completion of an earlier tranche on Jan. 7, 2026, the investor owned directly, and indirectly through LBB, 12,021,628 common shares and 5,510,084 warrants, representing approximately 49.02 per cent of the outstanding common shares on a partially diluted basis.
Following the completion of the current tranche and as of the date hereof, the investor owns directly, and indirectly through LBB, 13,290,716 common shares and 6,144,628 warrants, representing approximately 51.60 per cent of the outstanding common shares on a partially diluted basis.
The transaction was made in the ordinary course of business, for investment purposes only, and not for the purpose of exercising control or direction over the issuer. The investor may from time to time acquire additional common shares or warrants, may dispose of some or all of the existing or additional common shares or warrants, or may continue to hold the common shares or warrants.
This press release is issued pursuant to National Instrument 62-103 (the Early Warning System and Related Take-Over Bid and Insider Reporting Issues) in connection with the filing of an early warning report under applicable securities laws, a copy of which is available under the SEDAR+ profile of the issuer and may be obtained upon request from Mr. Anderson at 1-888-363-0581.
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