PRINCIPAL TECHNOLOGIES CLOSES PRIVATE PLACEMENT FINANCING

About this update from Principal Technologies, Inc.

[{"type":"text","content":"\n\n\nPRINCIPAL TECHNOLOGIES CLOSES 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.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\nCanada NewsWire\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/\nVancouver, BC, Dec. 15, 2025 /CNW/ - Principal Technologies Inc. (the \"Company\" or \"Principal\") (TSXV: PTEC) (FWB: JO7) is pleased to announce that, further to its news release of November 27, 2025, the Company has closed its non-brokered private placement financing (the \"Offering\") with the issuance of 4,000,000 common shares of the Company (the \"Common Shares\") at a price of $0.30 per Common Share. The proceeds of $1,200,000 raised by the Offering are intended to be used for general working capital purposes.\n\n\n\n\n\n\n\nThe Common Shares are subject to a statutory hold period expiring April 16, 2026, being the date that is four months and one day from the date of issuance in accordance with applicable Canadian securities legislation. The Offering remains subject to final acceptance by the TSX Venture Exchange.\nThe securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the \"U.S. Securities Act\"), or any state securities laws, and may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities laws or pursuant to available exemptions therefrom. This release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States.\nRelated Party Participation in the Offering\nA significant shareholder of the Company participated in the Offering by purchasing an aggregate of 1,000,000 of the Common Shares. The participation by Roman Leydolf, an insider of Principal, constituted a \"related party transaction\" as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (\"MI 61-101\"). The Company relied on the exemptions from the v...

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