Business
FutureGen Industries Announces Closing of Private Placement
Not for distribution to United States wire services or for dissemination in the United States VANCOUVER, BC / ACCESS Newswire / February 11, 2026 / FutureGen Industries Corp. (formerly Right Season Investments Corp.) (TSXV:LITT)(Frankfurt:T500, WKN: ...
About this update from Futuregen Industries Corp.
[{"type":"text","content":"Not for distribution to United States wire services or for dissemination in the United States","length":93,"tagName":"p"},{"type":"text","content":"VANCOUVER, BC / ACCESS Newswire / February 11, 2026 / FutureGen Industries Corp. (formerly Right Season Investments Corp.) (TSXV:LITT)(Frankfurt:T500, WKN: A41WY4) ("FutureGen Industries" or the "Company") is pleased to announce that it has closed its previously-announced (see news release dated January 22, 2026) non-brokered private placement (the "Private Placement"), issuing 3,571,428 units of the Company (the "Units") at a price of $0.14 per Unit, for aggregate gross proceeds of $500,000. Each Unit consists of one common share (each a "Share") and one common share purchase warrant (each whole warrant, a "Warrant"), with each Warrant entitling the holder to purchase one Share at an exercise price of $0.18 for a period of twenty-four (24) months. The warrant term was amended from the thirty-six (36) month period previously disclosed in the Company's January 22, 2026 news release.","length":958,"tagName":"p"},{"type":"text","content":"The proceeds from the Private Placement will be used for general corporate and working capital purposes, including in pursuit of the Company's operational, research and development, and investor relations objectives.","length":220,"tagName":"p"},{"type":"text","content":"The Company has also issued 35,714 Shares ("Administrative Shares") of the Company to an arm's-length third party, in consideration for administrative services rendered in connection with the Private Placement.","length":224,"tagName":"p"},{"type":"text","content":"Pursuant to applicable securities laws, all securities issued in connection with the Private Placement will be subject to a statutory hold period of four months and one day.","length":173,"tagName":"p"},{"type":"text","content":"The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, or any U.S. state securities laws, and may not be offered or sold in the United States absent registration or available exemptions from such registration requirements. This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United ...