SuperBuzz Announces Non-Brokered Private Placement

About this update from Petro Welt Technologies Ag

Toronto, Ontario--(Newsfile Corp. - June 16, 2026) - SuperBuzz Inc. TSXV:SPZ (FSE: O2C) ("SuperBuzz" or the "Company"), an AI-driven SaaS platform empowering websites to boost revenues without increasing their advertising budgets, is pleased to announce that it intends to complete a non-brokered private placement of up to 10,000,000 units (the "Units") at a price of $0.05 per Unit for gross proceeds of up to $500,000 (the "Financing").Each Unit will consist of one common share (a "Common Share") and one common share purchase warrant (a "Warrant"). Each Warrant will be exercisable into one Common Share at an exercise price of $0.075 per share for a period of 36 months from the date of issuance. The net proceeds from the Financing will be used for working capital, general corporate purposes, and to further support the Company's growth opportunities, including its recent agreement with a major global performance agency. Management expects to close the Financing within the next two to three weeks. The Company may increase the size of the Financing subject to TSXV acceptance. The securities to be issued under the Financing will be subject to a four-month-and-one-day hold period from the date of issuance in accordance with applicable securities laws. The Financing is subject to all necessary regulatory approvals, including the acceptance of the TSX Venture Exchange (the "TSXV").To date, the Company has received subscriptions and commitments for an aggregate of $320,000 under the Financing, including $100,000 subscribed for by Liran Brenner, the Chief Executive Officer and a director of the Company. The participation of insiders in the Financing constitutes a "related party transaction" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company intends to rely on the exemption from the formal valuation requirement in section 5.5(a) of MI 61-101 and the exemption from the minority shareholder approval requirement in section 5.7(1)(a) of MI 61-101, on the basis that neither the fair market value of the securities issued to insiders, nor the consideration paid by such insiders, will exceed 25% of the Company's market capitalization. The Company did not file a material change report at least 21 days before the anticipated closing of the Financing because the terms of the Financing...

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