PesoRama Announces Closing of Oversubscribed Private Placement for Gross Proceeds of Over $10 Million

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[{"type":"text","content":"PesoRama Announces Closing of Oversubscribed Private Placement for Gross Proceeds of Over $10 MillionToronto, Ontario--(Newsfile Corp. - April 23, 2026) - PesoRama Inc. (TSXV: PESO) (OTC Pink: PSSOF) (FSE: ZE6) (\"PesoRama\" or the \"Company\"), a Canadian company operating dollar stores in Mexico under the JOi Dollar Plus brand, is pleased to announce, further to its news releases dated April 8 and April 9, 2026, that it has completed its previously announced over-subscribed non-brokered private placement and has issued 28,710,003 units (the \"Units\"), at a price of $0.35 per Unit, for aggregate gross proceeds of $10,048,501 (the \"Private Placement\").Each Unit is comprised of one common share in the capital of the Company (each, a \"Common Share\") and one half of one Common Share purchase warrant (each whole warrant, a \"Warrant\"). Each Warrant will entitle the holder thereof to acquire one Common Share (a \"Warrant Share\") at a price of $0.50 per Warrant Share for a period of 36 months from the date of issuance (such date of expiration, the \"Warrant Expiry Date\"). From today and until the Warrant Expiry Date, in the event that the volume-weighted average price of the Common Shares on a recognized Canadian stock exchange, which includes the TSX Venture Exchange (\"TSXV\"), is equal to or greater than $0.75 over a ten consecutive trading day period, the Company may, at its option, within ten business days following such ten-day period, accelerate the Warrant Expiry Date by issuing a press release (a \"Warrant Acceleration Press Release\"), and, in such case, the Warrant Expiry Date shall be deemed to be the date that is thirty days following the issuance of the Warrant Acceleration Press Release.The gross proceeds raised from the Private Placement will be used for store expansion and general corporate purposes.The Company also paid an aggregate of cash finder's fees of $409,254, of which Canaccord Genuity Corp. was paid $335,895 and Richardson Wealth Limited was paid $73,359.All securities issued in connection with the Private Placement are subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable securities laws. Closing of the Private Placement remains subject to the final approval of the TSX Venture Exchange.This news release does not constitute an offer to s...

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