TrustBIX Inc. Announces Extension to Private Placement

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[{"type":"text","content":"TrustBIX Inc. Announces Extension to Private PlacementEdmonton, Alberta--(Newsfile Corp. - August 20, 2025) - TrustBIX Inc. (TSXV: TBIX) (\"TrustBIX\" or the \"Company\") announces that the Company has been granted an extension by the TSX Venture Exchange (\"TSXV\") to complete the non-brokered private placement, as previously announced on July 7th, 2025 (the \"Private Placement\"), of up to 10,000,000 units (\"Units\") at a price of $0.04 per Unit for gross proceeds of up to $400,000, by no later than September 2nd, 2025.The Private Placement remains subject to the final acceptance of the TSXV and all regulatory approvals.Details of this Private Placement:Each Unit is comprised of one (1) common share in the capital of TrustBIX (\"Common Share\") and one (1) Common Share purchase warrant (\"Warrant\"), whereby each Warrant entitles the holder to purchase one (1) Common Share at a price of $0.08 for a period of two (2) years from the date of closing. If the closing price of the Common Shares on the principal market on which such shares trade is equal to or exceeds $0.12 per Common Share for twenty (20) consecutive trading days, TrustBIX will have the right to accelerate the expiry date of the Warrants. In the event of acceleration, the expiry date will be accelerated to a date that is thirty (30) days after the date that the Company has issued a press release announcing the exercise of the acceleration right; and thereafter, no further notification will be provided by TrustBIX to the subscribers.The proceeds will be used for general working capital purposes, including, but not limited to, funding the acquisition of inventory at scale to support the Company's ongoing operations. The securities to be issued pursuant to the Private Placement will be subject to a statutory hold period lasting four (4) months and one (1) day following the closing of the Private Placement.The Common Shares issued under the Private Placement will be sold to investors pursuant to prospectusexemptions available under National Instrument 45-106, including exemptions for: accredited investor, employee, executive officer, director and consultant, and existing security holders.About TrustBIX (TSXV: TBIX)TrustBIX is an agricultural technology company providing Gate to Plate® solutions to create a world where we trust more, waste less, and rewar...

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