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BrandPilot AI Announces Private Placement of $750,000
Toronto, Ontario--(Newsfile Corp. - August 19, 2025) - BrandPilot AI Inc. (CSE: BPAI) ("BrandPilot" or the "Company") announces today that it is undertaking a non-brokered private placement of 30,000,000 units of the Company (the "Units") at a price of C$0.025 per Unit under the Listed Issuer Financing Exemption for aggregate gross proceeds of $750,000 (the "Offering"). Each Unit will consist of one common share in the capital of the Company (each a "Common Share") ...
About this update from Brandpilot Ai Inc
[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - August 19, 2025) - BrandPilot AI Inc. (CSE: BPAI) ("BrandPilot" or the "Company") announces today that it is undertaking a non-brokered private placement of 30,000,000 units of the Company (the "Units") at a price of C$0.025 per Unit under the Listed Issuer Financing Exemption for aggregate gross proceeds of $750,000 (the "Offering"). Each Unit will consist of one common share in the capital of the Company (each a "Common Share") and one Common Share purchase warrant (each a "Warrant"), with each Warrant being exercisable at any time after the 60th day following their issuance and on or prior to the fifth anniversary of their issuance (subject to acceleration described below) at a price of $0.05. If the volume weighted average trading price of the Common Shares is at least $0.15 for a period of 10 consecutive trading days, the expiry date of the Warrants may be accelerated by the Company to a date that is not less than 30 days after the date that notice of such acceleration is provided to the Warrant holders.","length":1128,"tagName":"p"},{"type":"text","content":"The Company intends to use the proceeds of the Offering for general corporate expenses and working capital purposes.","length":116,"tagName":"p"},{"type":"text","content":"The Units to be issued under the Offering will be offered to purchasers pursuant to the Listed Issuer Financing Exemption under Part 5A of National Instrument 45-106 - Prospectus Exemptions, and as modified by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption, in each of the provinces of Canada, excluding Québec. The securities to be issued pursuant to the Offering will not be subject to a hold period under Canadian securities laws.","length":497,"tagName":"p"},{"type":"text","content":"The Company has filed on its SEDAR+ profile contemporaneously herewith an offering document addressing the Offering available for purchase in accordance with the requirements of Form 45-106F19 (the "Offering Document"). The Offering Document can be accessed under the Company's profile at www.sedarplus.ca and on the Company's website at https://www.brandpilot.ai/. Prospective investors should read the Offering Document before making an inv...