Mr. Colin Frost reports
CREDISSENTIAL CLOSES PRIVATE PLACEMENT
Further to the news release dated May 21, 2026, Credissential Inc. has closed its non-brokered private placement by issuing 3,062,500 units of the company at a price of 16 cents per unit for gross proceeds of $490,000.
Each unit consisted of one common share in the capital of the company and one-half of one common share purchase warrant. Each warrant entitles the holder to acquire one additional share at an exercise price of 25 cents for a period of 24 months from the date of issuance.
The company intends to use the net proceeds from the offering for general working capital and corporate purposes. No finders' fees were paid in connection with the offering.
The units were offered: (a) by way of private placement in all of the provinces of Canada pursuant to applicable exemptions from the prospectus requirements under applicable Canadian securities laws; (b) in the United States or to, or for the account or benefit of, U.S. persons, by way of private placement pursuant to the exemptions from the registration requirements provided for under the U.S. Securities Act of 1933, as amended; and (c) in jurisdictions outside of Canada and the United States on a private placement or equivalent basis, in each case in accordance with all applicable laws, provided that no prospectus, registration statement or other similar document is required to be filed in such jurisdiction. The securities issued pursuant to the offering to purchasers in Canada will be subject to a four-month-and-one-day hold period in Canada pursuant to applicable Canadian securities laws. The units offered to purchasers outside of Canada pursuant to an exemption from the prospectus requirements in Canada available under Alberta Securities Commission Rule 72-501 (Distributions to Purchasers Outside of Alberta) and, accordingly, the securities issued pursuant to the offering to purchasers outside of Canada are not subject to a four-month-and-one-day hold period in Canada.
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