Business
PesoRama Announces Warrant Extension
Toronto, Ontario--(Newsfile Corp. - December 24, 2025) - PesoRama Inc. (TSXV: PESO) (" PesoRa...
About this update from Pesorama Inc
[{"type":"text","content":"PesoRama Announces Warrant ExtensionToronto, Ontario--(Newsfile Corp. - December 24, 2025) - PesoRama Inc. (TSXV: PESO) (\"PesoRama\" or the \"Company\"), a Canadian company operating dollar stores in Mexico under the JOi Dollar Plus brand, announces that the Company intends to extend the exercise period for 5,939,333 warrants exercisable at $0.30 per common share (the \"Warrants\"). The Warrants were issued pursuant to a private placement that closed on December 30, 2022. A second tranche of that private placement closed on January 23, 2023. The Company proposes to extend the expiry dates for the Warrants to January 23, 2026 to match the expiry date of 11,820,931 warrants which were issued pursuant to the second tranche of the private placement. All other terms and conditions of the Warrants remain unchanged. The Warrant extension is subject to acceptance by the TSX Venture Exchange.Approximately 10% of the Warrants are held by parties who are \"related parties\" of the Company. Therefore, the amendment of Warrants will constitute a \"related party transaction\" as defined in Multilateral Instrument 61- 101 - Protection of Minority Securityholders in Special Transactions (\"MI 61-101\"). The Company is relying on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(b) and 5.7(1)(a) of MI 61-101, as the Company is not listed on a specified market and the fair market value of the Warrants does not exceed 25% of the market capitalization of the Company, as determined in accordance with MI 61-101. About PesoRama Inc.PesoRama, operating under the JOi Dollar Plus brand, is a Mexican value dollar store retailer. PesoRama launched operations in 2019 in Mexico City and the surrounding areas targeting high density, high traffic locations. PesoRama's 31 stores offer consistent merchandise offerings which include items in the following categories: household goods, pet supplies, seasonal products, party supplies, health and beauty, snack food items, confectionery and more. For more information visit: http://pesorama.ca.For further information please contact:Rahim BhalooFounder, CEO and [email protected] NoteThis press release contains \"forward-looking information\" within the meaning of applicable securities laws, including, among ot...