Mr. Ross Drysdale reports
RUMBU HOLDINGS ANNOUNCES FILING OF LIFE OFFERING DOCUMENT FOR PRIVATE PLACEMENT
Rumbu Holdings Ltd. is proceeding with its previously announced non-brokered private placement of up to two million units, with each unit comprising one common share and one common share purchase warrant. Each unit is priced at $1 per unit for aggregate gross proceeds of $2-million and each warrant will be exercisable to acquire one common share for a period of 12 months following the closing date of the private placement at an exercise price of $1.40 per common share.
The units will be offered for sale pursuant to the listed issuer financing exemption (LIFE) under Part 5A of National Instrument 45-106, Prospectus Exemptions. Securities issued under the LIFE will not be subject to a hold period under applicable Canadian securities laws. The company advises that the LIFE offering document related to the private placement was filed on SEDAR+ yesterday and subsequently amended and filed on SEDAR+ today. Existing shareholders and potential investors in the private placement can access the offering document under the company's issuer profile on SEDAR+. The offering document contains the subscription agreement for the private placement and any investor wishing to participate in the private placement can complete the subscription agreement and return it with subscription funds to the company.
The company also advises that it received conditional acceptance from the TSX Venture Exchange to the private placement. Closing of the private placement is subject to several conditions, including receipt of all necessary corporate and regulatory approvals and final approval of the TSX Venture Exchange. This news release does not constitute an offer to sell or a solicitation of an offer to buy securities in the United States.
The company anticipates closing the private placement on or around Feb. 27, 2026, or such other date as the company may determine. The company may pay 6 per cent in cash and 6 per cent in warrants to registered dealers or finders in accordance with the policies of the TSX-V.
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