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Good Purpose Investments Inc
Symbol GPIN
Shares Issued 40,563,384
Close 2026-10-23 C$ 0.19
Market Cap C$ 7,707,043
Recent Sedar+ Documents

Good Purpose investor Ty & Sons acquires 50k shares

2026-10-24 03:17 ET - News Release

Subject: Good Purpose Investments Inc. - TY & Sons Investments Inc. - News Release [IWOV-LEGAL.FID3757331] Word Document

File: '\\swfile\EmailIn\20261023 200055 Attachment TY & Sons Investments Inc. - Early Warning News Release (Good Purpose Investments Inc.).docx'

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LEGAL*73573418.1

TY & SONS INVESTMENTS INC.

Suite 918, 1030 West Georgia Street

Vancouver, British Columbia, V6E 2Y3

NEWS RELEASE

October 23, 2026 - TY & Sons Investments Inc. ("TY & Sons"), a holding company controlled by Talal Yassin, has acquired (the "Acquisition") control and direction over 50,000 common shares (the "Purchased Shares") of Good Purpose Investments Inc. (the "Company") through an acquisition on the Canadian Securities Exchange. The Purchased Shares represent approximately 0.12% of the issued and outstanding common shares of the Company and were acquired at a price of Cdn$0.20 per Purchased Share.

Prior to the Acquisition, Mr. Yassin had control and direction over an aggregate of 4,026,339 common shares in the capital of the Company (the "Common Shares"), of which 1,709,759 were held by Mr. Yassin personally and 2,316,580 were held by TY & Sons, 50,000 share purchase warrants (the "Warrants") which are held by Mr. Yassin personally, and a convertible debenture (the "Debenture") in the principal amount of Cdn$547,994, which is held by Northbay Capital Partners Corp. ("Northbay"). The Warrants entitle the holder to purchase an equivalent number of Common Shares at a price of Cdn$1.25. The Debenture entitles the holder to convert the principal amount into 2,739,970 units of the Company (each, a "Unit") at a price of Cdn$0.20 per Unit. Each Unit consists of one Common Share and one share purchase warrant exercisable at a price of Cdn$0.40.

The 4,026,339 Common Shares controlled by Mr. Yassin prior to the Acquisition represented approximately 9.93% of the total number of issued and outstanding Common Shares. If all of the Warrants controlled by Mr. Yassin were exercised, and the Debenture was converted in its entirety into Units and the resulting share purchase warrants were exercised, prior to the Acquisition, Mr. Yassin would have control and direction over an aggregate of 9,556,279 Common Shares, representing approximately 20.73% of the issued and outstanding Common Shares on a partially diluted basis. Immediately following the Acquisition, Mr. Yassin has control and direction over an aggregate of 4,076,339 Common Shares representing approximately 10.05% of the Company's issued and outstanding Common Shares, 50,000 Warrants and the Debenture. If all of the Warrants controlled by Mr. Yassin were exercised, and the Debenture was converted in its entirety into Units and the resulting share purchase warrants exercised, immediately following the Acquisition, Mr. Yassin would have control and direction over an aggregate of 9,606,279 Common Shares, representing approximately 20.84% of the issued and outstanding Common Shares on a partially diluted basis.

The Purchased Shares were acquired for investment purposes. Depending on market conditions, Mr. Yassin, TY & Sons or Northbay, may, from time to time, acquire additional securities, exercise Warrants, convert any portion of the Debenture, dispose of some or all of the existing or additional securities or may continue to hold the securities of the Company.

This press release is being issued pursuant to the requirements of National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues of the Canadian Securities Administrators. For further information and to obtain a copy of the early warning report that will be filed under applicable Canadian securities laws in connection with the Acquisition, please contact Mr. Yassin or see the profile for the Company on the SEDAR+ website www.sedarplus.ca.

For further information, contact:

Talal Yassin

info@tyandsons.com

The issuance of this news release is not an admission that an entity named in the news release owns or controls any described securities or is a joint actor with another named entity.

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