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Agereh Cancels Previously Announced Non-Brokered Private Placement and Announces Proposed New Private Placement and Issuance of Stock Options
EDMONTON, AB / ACCESS Newswire / November 5, 2025 / Agereh Technologies Inc. (" Agereh " or th...
About this update from Agereh Technologies Inc.
[{"type":"text","content":"Agereh Cancels Previously Announced Non-Brokered Private Placement and Announces Proposed New Private Placement and Issuance of Stock OptionsEDMONTON, AB / ACCESS Newswire / November 5, 2025 / Agereh Technologies Inc. (\"Agereh\" or the \"Company\") (TSXV:AUTO)(OTCQB:CRBAF) announces that it will not be proceeding with the non-brokered private placement of units previously announced on August 27 and October 14, 2025.The Company now intends to complete a non-brokered private placement for aggregate gross proceeds of up to $500,000 through the issuance of up to 7,407,407 units of the Company (\"Units\") at a price of $0.0675 per Unit (the \"New Offering\"). Each Unit will consist of one common share (each, a \"Unit Share\") and one common share purchase warrant (each, a \"Unit Warrant\"), with each Unit Warrant being exercisable to purchase one additional Unit Share at a price of $0.09 for twenty-four (24) months from the date of issuance.The Units to be issued under the New Offering will be offered to purchasers pursuant to the listed issuer financing exemption (LIFE) under Part 5A of National Instrument 45-106 - Prospectus Exemptions (\"NI 45-106\"), in all the provinces of Canada, except Québec. The Units, including the Unit Shares and Unit Warrants underlying the Unit, will not be subject to resale restrictions pursuant to applicable Canadian securities laws.The New Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the conditional approval of the TSX Venture Exchange (the \"TSXV\").An offering document relating to the New Offering will be filed and accessible under the Company's profile at www.sedarplus.ca and on the Company's website at www.agereh.com. Prospective investors should read this offering document before making an investment decision.Issuance of Stock OptionsThe Company also announces that it has granted an aggregate of 400,000 stock options (the \"Options\") to directors the Company to purchase common shares of the Company at a price of $0.12 per share for a period of five years from issuance. Of the Options, 200,000 options vest immediately, with an additional 200,000 vesting on January 1, 2026. The issuance of the Options is subject to approval by the TSXV, where necessary.About Agereh Technologies Inc.Agereh is a Canadian-based AI tec...