Mr. Bill Frain reports
LIBERTY ANNOUNCES CLOSING OF LISTED ISSUER FINANCING EXEMPTION (LIFE) PRIVATE PLACEMENT OF UNITS
Liberty Defense Holdings Ltd. has closed the non-brokered private placement of 20 million units of the company at the price of 22 cents per unit for gross proceeds of $4.4-million, which was previously announced on July 8, 2025, and July 17, 2025.
Each unit will consist of one common share in the capital of the company and one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share of the company from Sept. 27, 2025, until July 28, 2026, at the exercise price of 35 cents per warrant share.
"We sincerely appreciate the ongoing support and confidence from our investors and partners," said chief executive officer Bill Frain. "The strong demand for our recent $4.4-million financing is a clear endorsement of our vision and progress. These funds will enable us to accelerate the deployment of our Hexwave technology into more public environments and strategically position us to seize new opportunities with the rollout of our HD-AIT system later this year. We're excited about the momentum building as we head toward a strong finish to 2025."
The offering was completed pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106, Prospectus Exemptions; accordingly, the securities issued in the offering are not subject to a hold period in accordance with applicable Canadian securities laws. There is an offering document related to the offering that can be accessed under the company's profile on SEDAR+ and on the company's website. Prospective investors should read this offering document before making an investment decision.
In connection with the offering, the company paid to certain finders cash commissions of $158,393.99 and issued 719,973 non-transferable warrants of the company, exercisable at any time until July 28, 2025, to acquire one common share at an exercise price of 35 cents, subject to adjustment in certain events.
About Liberty Defense Holdings Ltd.
Liberty provides multitechnology security solutions for concealed weapons detection in high-volume foot traffic areas and locations requiring enhanced security such as airports, stadiums, schools and more. Liberty's Hexwave product, for which the company has secured an exclusive licence from Massachusetts Institute of Technology (MIT), as well as a technology transfer agreement for patents related to active 3-D radar imaging technology, provides discrete, modular and scalable protection to provide layered, stand-off detection capability of metallic and non-metallic weapons. Liberty has also recently licensed the millimetre-wave-based, high-definition advanced imaging technology (HD-AIT) body scanner and shoe scanner technologies as part of its technology portfolio. Liberty is committed to protecting communities and preserving peace of mind through superior security detection solutions.
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