Talent Infinity Resource Developments Inc. Announces Closing of LIFE Offering and Provides Update on Earn-In Option Agreement

About this update from Talent Infinity Resource Developments, Inc.

[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - February 24, 2026) - Talent Infinity Resource Developments Inc. (CSE: TICO) (the "Company" or "TICO") is pleased to announce that it has closed its previously announced non-brokered listed issuer financing exemption private placement (the "LIFE Offering").","length":333,"tagName":"p"},{"type":"text","content":"Pursuant to the LIFE Offering, the Company issued an aggregate of 14,489,274 units (each, a "Unit") at a price of $0.10 per Unit for gross proceeds of $1,448,927.","length":172,"tagName":"p"},{"type":"text","content":"Each Unit consists of one common share of the Company and one common share purchase warrant (a "Warrant"). Each whole Warrant is exercisable to acquire one additional common share of the Company at an exercise price of $0.15 per share for a period of 24 months from the date of issuance, provided that the Warrants are not exercisable for a period of 60 days following closing.","length":387,"tagName":"p"},{"type":"text","content":"The Company intends to use the net proceeds from the LIFE Offering for general corporate and working capital purposes, as further described in the Amended Offering Document Under the Listed Issuer Financing Exemption of the Company dated February 17, 2026.","length":256,"tagName":"p"},{"type":"text","content":"The Units were offered in Canada, other than Quebec, pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions, as modified by Coordinated Blanket Order 45-935. The securities issued to Canadian resident subscribers are not subject to a hold period under applicable Canadian securities laws.","length":356,"tagName":"p"},{"type":"text","content":"No finder's fees or finder warrants were paid in connection with the LIFE Offering.","length":87,"tagName":"p"},{"type":"text","content":"Insiders of the Company participated in the LIFE Offering and acquired an aggregate of 1,200,000 Units. Participation by insiders constitutes a "related party transaction" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company relied on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101...

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