Calgary, Alberta--(Newsfile Corp. - July 16, 2026) - Marvel Biosciences Corp. (TSXV: MRVL) (OTCQB: MBCOF) ("Marvel" or the "Company") is pleased to announce that it intends to complete a non‐brokered private placement offering (the "Offering") of units of the Company ("Units") at a price of $0.15 per Unit. The Offering will be for a minimum of 10,000,000 Units for gross proceeds of $1,500,000, and up a maximum of 20,000,000 Units, for gross proceeds of up to $3,000,000.
Each Unit will consist of one common share of the Corporation ("Common Share") and one Common Share purchase warrant ("Warrant"). Each Warrant will entitle the holder to purchase one additional Common Share at a price of $0.20 per share, commencing on the sixty first (61st) day after the closing date of the Offering (the "Closing Date") for a period of one (1) year from the Closing Date; provided that if, at any time after the date that is sixty-one (61) days following the Closing Date, the volume weighted average trading price of the Common Shares on the TSX Venture Exchange ("TSXV") is at least $0.25 per share for a period of five (5) consecutive trading days (whether or not trading occurs on all such days), the expiry date of the Warrants may be accelerated by the Corporation to a date that is not less than 30 days after the date that notice of such acceleration is provided to the Warrant holders, which notice may be by way of general press release.
It is anticipated that the net proceeds from the Offering will be used to pay a deposit for phase 1 clinical trials for the Company's lead compound MB‐204, general and administrative expenses and for general working capital. The closing of the Offering may occur in one or more tranches, the first of which is expected to close on or about August 14, 2026. Closing of the Offering is subject to receipt of all regulatory approvals, including approval of the TSX Venture Exchange (the "TSXV"), and will occur within 45 days from the date hereof.
There is an offering document related to this Offering dated July 15, 2026 that can be accessed under the Company's profile at www.sedarplus.ca and at https://marvelbiotechnology.com/. Prospective investors should read this offering document before making an investment decision.
Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45‐ 106 ‐ Prospectus Exemptions ("NI 45‐106"), the Offering is being made to purchasers resident in all provinces of Canada (except Quebec) and certain foreign jurisdictions pursuant to the listed issuer financing exemption under Part 5A of NI 45‐106 (the "Listed Issuer Financing Exemption"). The Units offered under the Listed Issuer Financing Exemption will not be subject to a hold period pursuant to applicable Canadian securities laws. Shareholders or investors who may wish to participate in the Offering and who seek further details about the Offering should contact the Company's Chief Executive Officer, J. Roderick Matheson, at 403 770 2469.