Mr. D.J.
Bowen reports
REFLEX ADVANCED ANNOUNCES PRIVATE PLACEMENT OF UP TO C$1,500,000 OF UNSECURED CONVERTIBLE DEBENTURES
Reflex
Advanced
Materials
Corp.
intends to complete a non-brokered private placement of unsecured convertible debentures of the company for gross proceeds of up to $1.5-million.
The convertible debentures will be offered in principal amounts of $1,000 and will mature 24 months from the date of issuance. The convertible debentures will bear interest at a rate of 12 per cent per annum.
The principal amount of each convertible debenture, plus any accrued interest thereon, will be convertible into units of the company at the election of the holder on, or at any time prior to, the maturity date at a conversion price equal to the most recent closing price of the common shares of the company on the Canadian Securities Exchange prior to the time at which the holder delivers notice of conversion to the company. Each unit shall be composed of one common share and one common share purchase warrant, with each warrant entitling the holder to acquire one common share at an exercise price equal to 15 cents for a period of 24 months from the date the applicable warrant is issued.
The company intends to use the net proceeds raised from the offering for general and administrative expenditures. The offering is expected to close on or about Aug. 21, 2026.
All securities issued pursuant to the offering will be subject to a statutory four-month-and-one-day hold period. Closing of the offering is subject to the company's receipt of all necessary corporate and regulatory approvals, including approval of the Canadian Securities Exchange.
About
Reflex
Advanced
Materials
Corp.
Reflex is a mineral exploration company based in British Columbia. Its objective is to locate and, if warranted, develop economic mineral properties in the strategic metal and advanced material space. It is focused on improving domestic specialty mineral infrastructure efficiencies to meet surging national demand by North American manufacturers.
We seek Safe Harbor.
© 2026 Canjex Publishing Ltd. All rights reserved.