Business
IC Group Holdings Inc. Announces Non-Brokered LIFE Private Placement with Material Insider Participation
Toronto, Ontario--(Newsfile Corp. - October 29, 2025) - IC Group Holdings Inc. (TSXV: ICGH)...
About this update from Ic Group Holdings Inc.
[{"type":"text","content":"IC Group Holdings Inc. Announces Non-Brokered LIFE Private Placement with Material Insider ParticipationToronto, Ontario--(Newsfile Corp. - October 29, 2025) - IC Group Holdings Inc. (TSXV: ICGH) (\"IC Group\" or the \"Company\") is pleased to announce its intention to complete a non-brokered LIFE private placement (the \"Offering\") of up to 8,000,000 units (the \"Units\") at a price of CDN$0.50 per Unit for gross proceeds of up to CDN$4,000,000. Each Unit will consist of one Common share in the capital of the Company (a \"Share\") and one-half of one non-transferable Common share purchase warrant (each whole Common share purchase warrant, a \"Warrant\"). Each whole Warrant will be exercisable to acquire one Share at an exercise price of CDN$0.75 per Share for a period of 24 months from the date of issuance.IC Group intends to use the net proceeds of the Offering primarily to expand sales and marketing initiatives across its business units, driving growth and deeper market penetration. A significant portion will be invested in technology to unlock new revenue channels and enhance the company's digital infrastructure and service capabilities. This includes the continued evolution of new messaging channels, the integration of Rich Communication Services (RCS), and the expansion of our Fannex Live engagement platform. Remaining funds will support working capital and general corporate purposes, as well as transaction and offering-related expenses, as further described in the offering document relating to the Offering, which is available on the Company's profile on www.sedarplus.ca.Certain insiders of the Company may acquire Units in the Offering. Any participation by insiders in the private placement would constitute a \"related party transaction\" as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (\"MI 61-101\"). However, the Company expects that such participation would be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101, as the fair market value of the Units subscribed for by the insiders, nor the consideration for the Units paid by such insiders, would exceed 25% of the Company's market capitalization. Further details will be included in a material change report that will be filed by the Company in connection with...