(via TheNewswire)
Vancouver, British Columbia – December 8, 2025 – TheNewswire - Pinetown Ventures Corp. (the “ Company ” or “ Pinetown ”) announces that it has closed: (i) a non-brokered private placement of units of the Company (the “ Units ”) (the “ Offering ”); and (ii) a debt settlement transaction (the “ Debt Settlement ”).
Private Placement
Pursuant to the Offering, the Company issued an aggregate of 6,638,000 Units at a price of $0.025 per Unit for total gross proceeds of $165,950. The net proceeds from the Offering will be used for general working capital purposes.
Each Unit consists of one common share in the capital of the Company (each, a “ Common Share ”) and one common share purchase warrant (each, a “ Warrant ”). Each Warrant entitles the holder to acquire one additional Common Share at an exercise price of $0.10 per Common Share for a period of four (4) years from the date of issuance.
Debt Settlement
The Company also announces that it has settled an aggregate of $170,000 of indebtedness owing to certain creditors through the issuance of an aggregate of 3,400,000 Units at a deemed price of $0.05 per Unit.
Each Unit issued pursuant to the Debt Settlement consists of one Common Share and one Warrant, with each Warrant exercisable to acquire one additional Common Share at an exercise price of $0.10 per Common Share for a period of four (4) years from the date of issuance.
The Units issued under the Debt Settlement were issued in full and final settlement of the applicable indebtedness.
Securities Law Matters
All securities issued in connection with the Offering and the Debt Settlement are subject to applicable resale restrictions under Canadian securities laws, including a hold period of four months and one day from the date of issuance, unless otherwise permitted in accordance with applicable securities laws.
The Offering and the Debt Settlement were completed pursuant to applicable prospectus exemptions under National Instrument 45-106 – Prospectus Exemptions.
No finder’s fees were paid in connection with the Offering.
About Pinetown Ventures Corp.
Pinetown Ventures Corp.is actively evaluating potential investment and acquisition opportunities.
ON BEHALF OF THE BOARD
Guy Bourgeois, Director
Tel: ( 604) 687-2038
Forward-Looking Statements
This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of applicable securities laws. Forward-looking statements in this news release include, but are not limited to, statements regarding the intended use of proceeds from the Offering and any other statements that are not historical facts. Forward-looking statements are based on the opinions, assumptions and estimates of management as of the date they are made and are subject to various known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, changes in market conditions, the Company’s ability to use the proceeds of the Offering as anticipated, regulatory developments, and other risks and uncertainties applicable to the Company. Readers are cautioned not to place undue reliance on forward-looking statements. Except as required by applicable law, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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