Braille Energy Systems Inc. Announces Closing of Non-Brokered Private Placement

About this update from Braille Energy Systems, Inc.

[{"type":"text","content":"Braille Energy Systems Inc. Announces Closing of Non-Brokered Private PlacementOttawa, Ontario--(Newsfile Corp. - March 11, 2026) - Braille Energy Systems Inc. (TSXV: BES) (the \"Company\") announced today that it has closed a non-brokered private placement, previously announced March 2, 2026, of 7,500,000 units (the \"Units\") of the Company at a price of $0.05 per Unit (the \"Offering Price\") for aggregate gross proceeds to the Company of $375,000 (the \"Offering\").Each Unit consists of one common share (a \"Common Share\") in the capital of the Company and one non-transferable common share purchase warrant (each whole warrant, a \"Warrant\") of the Company. Each whole Warrant will entitle the holder thereof to acquire one Common Share at an exercise price per Common Share of $0.055 for a period of 5 years from the closing of the Offering (the \"Closing Date\"). The Company may pay finders' fees to eligible finders in connection with the offering, subject to compliance with applicable securities laws and the policies of the TSX-V.The Offering is subject to certain conditions including the final approval of the TSX-V. The Units were sold in Ontario and British Columbia on a private placement basis to accredited investors and directors of the Company to the \"accredited investor\" exemption or other available and agreed upon exemptions from prospectus requirements. The Units, including all underlying securities thereof, have a hold period of four months and one day from the date of issue.Insiders of the Company subscribed for up to 3,000,000 Units for aggregate gross proceeds of $150,000. The Offering is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of securities being issued to insiders nor the consideration being paid by insiders will exceed 25% of the Company's market capitalization.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.About Braille Energy Systems Inc.Braille Energy Systems Inc. (\"BESI\", or the \"Company\") is a public holding Company which is focused on commercializing battery technologies and energy storage systems around the world. Through its Electrafy™ energy mana...

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