Mr. Kyle Hall reports
INEO TECH CORP. ANNOUNCES NON-BROKERED PRIVATE PLACEMENT
Ineo Tech Corp. has arranged a non-brokered private placement of up to $500,000.
Under the offering, the company will issue up to 12.5 million shares at four cents per share.
Use of proceeds
Net proceeds are expected to be used for working capital and general corporate purposes, including inventory and deployments, product/engineering, and sales and marketing initiatives supporting the company's growth plans.
Closing, finders' fees and hold period
The offering is subject to customary conditions, including TSX Venture Exchange acceptance, and may close in one or more tranches. The company may pay customary cash finders' fees and/or issue finders' warrants to eligible finders in accordance with TSX-V policies. All securities issued will be subject to a statutory hold period of four months plus one day from the applicable closing date.
Insider participation
The company has provided notice to Coenda Investments Holdings Ltd. that it has the right, pursuant to a settlement agreement dated May 27, 2025, to maintain its interest in the company by participating in the offering. Coenda has until Oct. 15, 2025, to notify the company if it will participate in the offering. Other insiders of the company may participate in the offering. Any participation by Coenda or other insiders would be considered a related-party transaction under Multilateral Instrument 61-101, but is expected to be exempt from the formal valuation and minority shareholder approval requirements on the basis that the fair market value of the consideration does not exceed 25 per cent of the company's market capitalization.
About Ineo Tech Corp.
Ineo Tech builds technology at the intersection of in-store retail media and loss prevention. Through its wholly owned subsidiary Ineo Solutions Inc., the company operates the Ineo Media Network, a digital signage and retail analytic platform, and Ineo Retail Media, which sells and manages advertising across in-store screens. Ineo's patented integration of electronic article surveillance pedestals with digital displays helps retailers reduce theft while generating incremental media revenue from the same footprint. Ineo is headquartered in Surrey, B.C., Canada, and is publicly traded on the TSX Venture Exchange and the OTCQB.
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