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Braille Energy Systems Inc. Announces Non-Brokered Private Placement of up to $350,000
Ottawa, Ontario--(Newsfile Corp. - March 2, 2026) - Braille Energy Systems Inc. (TSXV: BES) ("BESI" or the "Company"), further to a news release previously issued February 20, 2026, is announcing that it intends to complete a non-brokered private placement (the "Financing") for gross proceeds of up to $350,000, subject to acceptance by the TSX Venture Exchange (the "TSXV").The Company proposes to issue up to 7,000,000 units (the "Units") at a price of $0.05 per Unit for aggregate gross proceeds.
About this update from Braille Energy Systems, Inc.
[{"type":"text","content":"Ottawa, Ontario--(Newsfile Corp. - March 2, 2026) - Braille Energy Systems Inc. (TSXV: BES) ("BESI" or the "Company"), further to a news release previously issued February 20, 2026, is announcing that it intends to complete a non-brokered private placement (the "Financing") for gross proceeds of up to $350,000, subject to acceptance by the TSX Venture Exchange (the "TSXV").","length":416,"tagName":"p"},{"type":"text","content":"The Company proposes to issue up to 7,000,000 units (the "Units") at a price of $0.05 per Unit for aggregate gross proceeds of up to $350,000.","length":152,"tagName":"p"},{"type":"text","content":"Each Unit will consist of one (1) common share in the capital of the Company, and one (1) full common share purchase warrant. Each warrant will entitle the holder to purchase one (1) additional common share at an exercise price of $0.055 per share for a period of five (5) years from the date of issuance.","length":305,"tagName":"p"},{"type":"text","content":"The proceeds of the Financing will be used for general working capital purposes.","length":80,"tagName":"p"},{"type":"text","content":"Certain insiders of the Company may participate in the Financing. Such participation will constitute a related party transaction within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company expects that any insider participation will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to Sections 5.5(a) and 5.7(1)(a) thereof, as neither the fair market value of the securities issued to insiders nor the consideration paid by insiders is expected to exceed 25% of the Company's market capitalization.","length":654,"tagName":"p"},{"type":"text","content":"Finders' fees may be paid in connection with the Financing in accordance with the policies of the TSXV.","length":107,"tagName":"p"},{"type":"text","content":"All securities issued pursuant to the Financing 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 and TSXV policies.","length":208,"tagName":"p"},{"type":"text","content":"Completion of the Financing remains subject to acceptance...