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Right Season Investments Corp (2)
Symbol LITT
Shares Issued 2,300,129
Close 2025-09-10 C$ 0.13
Market Cap C$ 299,017
Recent Sedar+ Documents

Right Season amends $1.2M placement to issue debentures

2025-09-12 03:25 ET - News Release

Mr. Kristian Thorlund reports

RIGHT SEASON FINANCING UPDATE

Right Season Investments Corp. has revised the terms of its non-brokered private placement announced by news release on Aug. 29, 2025.

The offering will consist of up to 800 unsecured convertible debentures at an issue price of $1,500 per debenture for aggregate gross proceeds of up to $1.2-million. Each debenture will be convertible, at the option of the holder, into units of the company at a price of seven cents per unit. Each unit will consist of one common share in the capital of the company and six-10ths of a common share purchase warrant, with each warrant entitling the holder thereof to purchase one additional common share in the capital of the company at a price of seven cents per warrant share for a period of 48 months from its date of issue.

Each debenture will bear interest at a rate of 5.45 per cent per annum from the date of issue, payable in cash quarterly in arrears. Any unpaid interest payments will accrue and be added to the principal amount of the debenture.

The debentures will mature on June 30, 2026, and are redeemable at 101 per cent of the face value at any time after the closing date.

Net proceeds from the offering will be used to pursue potential investment opportunities and for general working capital purposes.

In connection with the offering, the company may pay finders' fees and/or issue finders' warrants on the same terms as the warrants to eligible parties which have assisted by introducing subscribers to the offering.

The company also intends to issue shares equal to 1.0 per cent of the total units to be issued upon conversion of the debentures issued in the offering to an arm's-length third party as an administrative fee for its assistance with the offering.

All securities to be issued in connection with the offering will be subject to a four-month-and-one-day statutory hold period in accordance with applicable securities laws and, as applicable, the TSX Venture Exchange hold period. Completion of the offering remains subject to the approval of the TSX Venture Exchange. The debentures will be offered pursuant to exemptions from the prospectus requirements.

About Right Season Investments Corp.

Right Season is a Canadian venture capital, investment and advisory firm that strives to actively drive innovation and accelerate growth for its shareholders. Right Season invests capital into private and public companies that offer excellent growth opportunities.

We seek Safe Harbor.

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