Mr. Ken Brizel reports
AGEREH CANCELS PREVIOUSLY ANNOUNCED NON-BROKERED PRIVATE PLACEMENT AND ANNOUNCES PROPOSED NEW PRIVATE PLACEMENT AND ISSUANCE OF STOCK OPTIONS
Agereh Technologies Inc. will not proceed with the non-brokered private placement of units previously announced on Aug. 27 and Oct. 14, 2025.
The company now intends to complete a non-brokered private placement for aggregate gross proceeds of up to $500,000 through the issuance of up to 7,407,407 units of the company at a price of 6.75 cents per unit. Each unit will consist of one common share and one common share purchase warrant, with each unit warrant being exercisable to purchase one additional unit share at a price of nine cents for 24 months from the date of issuance.
The units to be issued under the new offering will be offered to purchasers pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 (Prospectus Exemptions), in all the provinces of Canada, except Quebec. The units, including the unit shares and unit warrants underlying the unit, will not be subject to resale restrictions pursuant to applicable Canadian securities laws.
The new offering is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the conditional approval of the TSX Venture Exchange.
An offering document relating to the new offering will be filed and accessible under the company's profile at SEDAR+ and on the company's website. Prospective investors should read this offering document before making an investment decision.
Issuance of stock options
The company also announces that it has granted an aggregate of 400,000 stock options to directors the company to purchase common shares of the company at a price of 12 cents per share for a period of five years from issuance. Of the options, 200,000 options vest immediately, with an additional 200,000 vesting on Jan. 1, 2026. The issuance of the options is subject to approval by the TSX Venture Exchange, where necessary.
About Agereh Technologies Inc.
Agereh is a Canadian-based artificial intelligence technology company whose platforms target advanced technology solutions for the transportation industry. The first application developed is harnessing the power of artificial intelligence to accurately predict the best financing scenario for consumers, all while keeping the consumer anonymous. Coming products will continue to deliver advanced technology solutions that address critical challenges in the transportation industry.
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