Business
Pardus Ventures Inc. Announces Closing of Previously Announced Subscription Receipt Financing
Vancouver, British Columbia--(Newsfile Corp. - December 10, 2025) - Pardus Ventures Inc. (TSXV: PDVN.P) ("Pardus"), is pleased to announce that, further to its news releases dated November 6, 2025, June 6, 2025, April 4, 2025, and March 6, 2025, Pardus has closed its non-brokered private placement (the "Offering") of subscription receipts (the "Subscription Receipts"), by issuing an aggregate of 30,000,000 Subscription Receipts for aggregate gross proceeds of $1,500,000.The Offering was...
About this update from Egl Holdings Company Limited
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - December 10, 2025) - Pardus Ventures Inc. (TSXV: PDVN.P) ("Pardus"), is pleased to announce that, further to its news releases dated November 6, 2025, June 6, 2025, April 4, 2025, and March 6, 2025, Pardus has closed its non-brokered private placement (the "Offering") of subscription receipts (the "Subscription Receipts"), by issuing an aggregate of 30,000,000 Subscription Receipts for aggregate gross proceeds of $1,500,000.","length":505,"tagName":"p"},{"type":"text","content":"The Offering was conducted in connection with, and as a condition to the closing of, Pardus' proposed acquisition (the "Transaction") of all the issued and outstanding common shares of EGL Technology Holdings Co. Ltd. ("EGL Holdings"), which is expected to constitute Pardus' qualifying transaction under TSX Venture Exchange ("TSXV") Policy 2.4 - Capital Pool Companies. Upon completion of the Transaction, the combined entity (the "Resulting Issuer") will be renamed to a name agreed to by Pardus and EGL Holdings and will focus on advancing EGL Holdings' business as a leading smart locker solutions provider and operator based in Vietnam.","length":694,"tagName":"p"},{"type":"text","content":"All dollar figures in this release are Canadian dollars.","length":56,"tagName":"p"},{"type":"text","content":"Closing of Subscription Receipt Financing","length":41,"tagName":"p"},{"type":"text","content":"On December 9, 2025, Pardus closed its first tranche of the Offering by issuing 30,000,000 Subscription Receipts at $0.05 per Subscription Receipt for gross proceeds of $1,500,000. The Subscription Receipts are governed pursuant to the Subscription Receipt Agreement (as defined below) entered into in connection with the Offering and are automatically exercisable into one common share of Pardus (a "Pardus Share") upon satisfaction of the escrow release conditions and other terms and conditions set out in the Subscription Receipt Agreement. The Subscription Receipts may be issued in one or more tranches under the Offering, up to 40,000,000 Subscription Receipts for aggregate gross proceeds of up to $2,000,000.","length":727,"tagName":"p"},{"type":"text","content":"The gross proceeds from the Offering (the "Escrowed Funds")...