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GATINEAU, QC, July 13, 2026 /CNW/ - Ni-Co Energy Inc. (the "Company" or "Ni-Co Energy") is pleased to announce the successful closing of its previously announced initial public offering (the "Offering") for total gross proceeds of $1,968,024.80. Pursuant to the Offering, the Company issued an aggregate of 7,123,333 common shares of the Company (the "Common Shares"), consisting of (i) 6,588,500 Common Shares issued on a non-flow-through basis (the "Hard Shares") at a price of $0.25 per Hard Share for gross proceeds of $1,647,125.00, and (ii) 534,833 Common Shares issued as "flow-through shares" within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the "FT Shares") at a price of $0.60 per FT Share for gross proceeds of $320,899.80.
The Common Shares are expected to commence trading on the TSX Venture Exchange ("TSXV") at the opening of markets on or about July 15, 2026, under the symbol "NICE".
The Offering was completed pursuant to the Company's final prospectus dated May 29, 2026 (the "Final Prospectus"), filed with the securities regulatory authorities in each of the provinces of British Columbia, Alberta, Ontario and Québec. A copy of the Final Prospectus is available under the Company's profile on SEDAR+ at www.sedarplus.ca.
The Offering was conducted in the provinces of British Columbia, Alberta, Ontario and Québec. As originally offered, the Offering contemplated a minimum of 6,000,000 Common Shares and up to 12,000,000 Common Shares for minimum gross proceeds of $1,500,000 and maximum gross proceeds of $3,000,000. The Company and the Agent also had the ability to elect to issue up to 1,333,333 FT Shares for maximum gross proceeds of $800,000.
The Offering was conducted on a commercially reasonable efforts agency basis by Research Capital Corporation (the "Agent"). In consideration for the services provided by the Agent in connection with the Offering, the Company paid the Agent a cash commission in the aggregate amount of $93,848.49, equal to 10.0% of the gross proceeds from the Offering, other than in respect of gross proceeds from the sale of securities to purchasers identified by the Company on the President's List, for which a reduced cash commission of 4.0% was paid. The Company also issued to the Agent 345,433 non-transferable warrants (the "Agent's Warrants") and paid the Agent a corporate finance fee of $50,000 plus GST. Each Agent's Warrant is exercisable to acquire one Common Share at an exercise price of $0.25 per Common Share for a period of 24 months following the closing of the Offering, subject to adjustment in certain events.