Business
Shelfie-Tech Announces Private Placement
TORONTO, ON / ACCESS Newswire / June 10, 2026 / Shelfie-Tech Ltd. (CSE:SHLF)(OTCQB:SHLFF) ("Shelfie" or the "Company") announces its intention to close on or around June 17, 2026 its non-brokered private placement (the "Private Placement") of up to ...
About this update from Shelfie-tech Ltd.
TORONTO, ON / ACCESS Newswire / June 10, 2026 / Shelfie-Tech Ltd. (CSE:SHLF)(OTCQB:SHLFF) ("Shelfie" or the "Company") announces its intention to close on or around June 17, 2026 its non-brokered private placement (the "Private Placement") of up to 4,615,385 common shares of the Company ("Shares") at a price of CAD$1.78 per Share to raise gross proceeds of up to CAD$8,215,000. The proceeds from the Private Placement will be used to for sales and marketing, expanding the companies client base, R&D and working capital purposes. The securities issued will be subject to a four-month hold period. Bentsur Joseph, CEO of the Company, stated: "We are very pleased with the expected result of this financing, and the demand from the market." The Private Placement constitutes a "related party transaction" within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101") because a company that is expected to participate in the Private Placement and is expected to acquire the number of Common Shares as is equal to US$2,500,000 in connection with the Private Placement has a common director with the Company. The Company has relied on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of the Private Placement as the fair market value (as determined under MI 61-101) of the Insider participation in the Private Placement is below 25% of the Company's market capitalization (as determined in accordance with MI 61-101).. Contacts: Bentsur [email protected] Disclaimers The Canadian Securities Exchange has in no way passed upon the merits of the Company and has neither approved nor disapproved the contents of this press release. Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release contains "forward-looking statements" within the meaning of the securities laws. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" and simi...