Mr. Akshat Soni reports
CANPR TECHNOLOGY LTD. CLOSES NON-BROKERED PRIVATE PLACEMENT
CanPR Technology Ltd. has closed the non-brokered private placement as previously announced on May 27, 2026, and June 29, 2026.
The company raised $411,684.95 from the sale of 11,762,427 units at 3.5 cents per unit. Each unit is composed of one common share in the capital of the company and one common share purchase warrant. Each unit warrant entitles the holder to purchase one common share for six cents per common share until July 13, 2027. The unit warrants are non-transferable. All securities are subject to a four-month hold expiring on Nov. 14, 2026. The company did not pay any finders' fees on the sale of the units.
A director of the company purchased or acquired direction and control over a total of 5,714,285 units under the private placement. The placement to this person constitutes a related-party transaction within the meaning of TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions) adopted in the policy. The company has relied on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 with respect to related-party participation in the placement as neither the fair market value (as determined under MI 61-101) of the subject matter of the transaction, nor the fair market value of the consideration for the transaction, insofar as it involved the related party, exceeded 25 per cent of the company's market capitalization (as determined under MI 61-101).
None of the gross proceeds of the offering will be allocated toward payments to non-arm's-length parties or persons conducting investor relations activities (as each term is defined by the policies of the TSX Venture Exchange). Approximately 30 per cent of the gross proceeds of the offering will be allocated to general working capital and corporate purposes, with the remaining allocated to business development, sales and marketing efforts.
Early warning report
Immediately prior to this offering, Steve Kaszas, chairman of the company, owned, directly and indirectly, and had control and direction of 205,000 common shares, representing approximately 0.5 per cent of the then issued and outstanding common shares of the company. Following the closing of the offering, Mr. Kaszas now beneficially owns, directly and indirectly, and has control and direction over 5,719,285 common shares and 5,714,285 warrants representing approximately 11.36 per cent (18.22 per cent on a partially diluted basis) of the issued and outstanding common shares of the company. The change in ownership arose as a result of the offering. Mr. Kaszas will review his holdings from time to time and may, in the future, increase or decrease ownership or control over securities of the company.
This news release is being issued pursuant to National Instrument 62-103 (the Early Warning System and Related Take-Over Bid and Insider Reporting Issues), and persons who wish to obtain a copy of the early warning report to be filed by Mr. Kaszas in connection with this offering herein may obtain a copy of such reports from SEDAR+.
Resignation of director
The company is announcing that Travis Kanellos has resigned from the company's board of directors, as of July 10, 2026. The board of directors and management would like to thank Mr. Kanellos for his valuable contributions and dedicated service during his tenure with the company. The company appreciates his guidance and wishes him continued success in his future endeavours.
About CanPR Technology Ltd.
CanPR is a technology platform dedicated to helping immigrants in their journey toward becoming permanent residents of Canada. At CanPR, it offers a range of services to assist with the immigration journey. Its platform provides a comprehensive understanding of the process of immigrating to Canada, completing and tracking immigration applications, connecting newcomers with employers to help them find a job, and providing postimmigration services to help them settle in Canada.
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