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DR. PHONE FIX ANNOUNCES OVERSUBSCRIBED COMPLETION OF SECOND AND FINAL TRANCHE OF NON-BROKERED PRIVATE PLACEMENT FINANCING
DR. PHONE FIX ANNOUNCES OVERSUBSCRIBED COMPLETION OF SECOND AND FINAL TRANCHE OF NON-BROKERED PRI...
About this update from Dr. Phone Fix Canada Corporation
[{"type":"text","content":"\n\n\nDR. PHONE FIX ANNOUNCES OVERSUBSCRIBED COMPLETION OF SECOND AND FINAL TRANCHE OF NON-BROKERED PRIVATE PLACEMENT FINANCING\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntal{\nTEXT-ALIGN: LEFT\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\nCanada NewsWire\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/\nEDMONTON, AB, Nov. 17, 2025 /CNW/ - Dr. Phone Fix Canada Corporation (\"Dr. Phone Fix\" or the \"Company\") (TSXV: DPF) is pleased to announce that it has completed the second and final tranche of its previously announced non-brokered private placement (the \"Offering\") of up to 16,666,667 units of the Company at a price of $0.15 per unit for gross proceeds of up to $2,500,000. Under the second tranche, the Company issued an aggregate of 8,892,352 units for gross proceeds of $1,333,852.80. Including the first tranche, Dr. Phone Fix raised an aggregate of $2,572,603.20, exceeding its initial target and resulting in the Company exercising its right to increase the size of the Offering.\n\n\n\n\n\n\n\nEach unit comprises one common share of the Company and one-half of one common share purchase warrant of the Company. Each warrant will entitle the holder to acquire one share at an exercise price of $0.25 per share for a period of two years from the date of issuance of the warrant. All securities issued pursuant to the Offering are subject to a statutory hold period of four months and one day in accordance with applicable securities laws. The Offering remains subject to receipt of final acceptance of the TSX Venture Exchange (the \"TSXV\").\n\"The completion of this second tranche and the increased size of our private placement reflect strong investor confidence in our vision and execution,\" said Piyush Sawhney, Chief Executive Officer of Dr. Phone Fix. \"With this additional capital, we are going to continue executing on our disciplined M&A strategy and accelerate the expansion of our national retail network, with the clear intention of doubling our store count from 35 to 70 over the next 1...