Mr. Dean Bethune reports
DARELLE ANNOUNCES FINANCIAL RESULTS AND PROPOSED PRIVATE PLACEMENT
Darelle Online Solutions Inc. has released its interim financial and operational
results for the six-month period ended Feb. 28, 2026.
The full text of the company's unaudited condensed interim consolidated financial
statements and related management's discussion and analysis for the period are
available on SEDAR+.
Financial highlights:
-
The company generated revenue of $12,498 during the period, compared with
$27,949 during the same six-month period in 2025. Revenue continues to be
derived from processing fees associated with raffle ticket sales on the
company's platform.
- The company reported a comprehensive loss of $256,561 (three cents per share)
for the period, compared with a comprehensive loss of $85,764 (four cents per share)
in the prior-year period.
Operational update
The company continues to focus on the development and enhancement of its core
technology platform with an emphasis on expanding functionality,
improving user experience and supporting new fundraising formats within its existing
business model.
During the period, the company made targeted investments in technology development
and leadership to support the evolution of its platform. These initiatives include the
development of additional fundraising modules, such as a Chase the Ace format, as
well as enhancements designed to support product-based fundraising and donor
engagement.
In parallel, the company has undertaken development activities through its wholly
owned subsidiary, OneKindly Technology Inc., to explore the application of its existing
platform capabilities in adjacent verticals, including animal welfare and related non-profit
sectors. These initiatives are intended to leverage the company's existing infrastructure
and technology while expanding potential use cases for its platform.
The company's previously announced collaboration with Pet Investment supports these
development efforts by providing sector expertise and strategic relationships as the
company evaluates opportunities to deploy its platform within complementary markets.
These activities represent a continuation and expansion of the company's existing
platform strategy.
"During the period, we made deliberate investments in technology and leadership to
strengthen and extend the capabilities of the darelle platform," said Dean Bethune,
president and chief executive officer. "Our focus remains on enhancing our core infrastructure while
expanding its application into complementary areas. The company's ongoing
development initiatives are expected to be supported through the proposed financing."
Proposed private placement
The company announces its intent to complete a non-brokered private placement of up
to 1,333,334 common shares at a price of 75 cents per share, for gross proceeds of up to
$1-million.
The net proceeds of the offering are expected to be used for:
- Continued development and enhancement of the company's core platform,
including the integration of additional fundraising formats and functionality;
- Product and technology development activities undertaken through the
company's existing operations and its wholly owned subsidiary, OneKindly
Technology Inc.;
- Working capital and general corporate purposes, including the management and
settlement of existing obligations.
The offering is subject to acceptance by the TSX Venture Exchange. All securities
issued under the offering will be subject to a statutory hold period of four months and
one day from the date of issuance in accordance with applicable securities laws.
Finders' fees
In connection with the offering, the company may pay eligible finders a cash
commission of up to 7 per cent of the gross proceeds raised from subscribers introduced by
such finders, subject to approval of the TSX Venture Exchange.
About Darelle Online Solutions Inc.
Darelle Online Solutions is a British Columbia-based technology company that has
developed an on-line platform enabling charitable and non-profit organizations to create,
manage and operate digital raffle and fundraising campaigns, including 50/50 draws.
The company's platform is designed to support efficient fundraising through integrated
ticketing, payment processing and campaign management tools.
The company is listed on the TSX Venture Exchange as a Tier 2 technology issuer
under the symbol DAR. The company has a total of 7,841,189 common shares issued
and outstanding.
We seek Safe Harbor.
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