CanPR Technology Ltd. Announces Board Resignation and Provides Corporate Update

About this update from Canpr Technology Inc.

CanPR Technology Ltd. Announces Board Resignation and Provides Corporate UpdateToronto, Ontario--(Newsfile Corp. - June 29, 2026) - CanPR Technology Ltd. (TSXV: WPR) is announcing that Mr. Jay Wilgar has resigned from the Company's Board of Directors, as of June 22nd, 2026.The Board of Directors and management would like to thank Mr. Wilgar for his valuable contributions and dedicated service during his tenure with the Company. The Company appreciates his guidance and wishes him continued success in his future endeavors.Akshat Soni, Chief Executive Officer of CanPR Technology Ltd., commented:"On behalf of the entire CanPR team, I would like to sincerely thank Jay for his commitment, professionalism, and contributions to the Company. His insight and support have been greatly appreciated during an important stage of our growth. We wish him every success in his future endeavors and look forward to seeing all that he accomplishes."The Company also wishes to provide shareholders with a corporate update regarding its non-brokered private placement (the "Offering") of up to 17,150,000 units (each, a "Unit") at an offering price of $0.035 per Unit for aggregate gross proceeds of up to $600,250, as previously disclosed by the Company in the press release dated May 27, 2026. CanPR expects to close the Offering in the near term, subject to customary closing conditions and applicable regulatory approvals.The gross proceeds of the Offering are expected to be used to accelerate the Company's strategic growth initiatives, including:Expansion of sales and marketing initiatives across Canada and key international markets.Enhancement of its employer marketplace and newcomer services ecosystem.Strategic business development initiatives, including partnerships and potential acquisitions.General working capital and corporate purposes.Management believes the successful completion of the financing will further strengthen the Company's balance sheet and provide additional capital to execute on its long-term growth strategy. None of the gross proceeds of the Offering will be allocated towards payments to Non-Arm's Length Parties or persons conducting Investor Relations Activities (as each term is defined by the policies of the TSX Venture Exchange). Approximately 30% of the gross proceeds of the Offering will be allocated to general working capital and corporate purposes, wi...

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