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Visionstate Announces LIFE Financing of Up to $1.0 Million to Accelerate Commercial Growth of MIRA Compliance Intelligence Platform
Edmonton, Alberta--(Newsfile Corp. - June 29, 2026) - Visionstate Corp. (TSXV: VIS) is pleased to...
About this update from Visionstate Corp.
Visionstate Announces LIFE Financing of Up to $1.0 Million to Accelerate Commercial Growth of MIRA Compliance Intelligence PlatformEdmonton, Alberta--(Newsfile Corp. - June 29, 2026) - Visionstate Corp. (TSXV: VIS) is pleased to announce a non-brokered private placement (the "Offering") under the Listed Issuer Financing Exemption ("LIFE") of National Instrument 45-106 - Prospectus Exemptions.The Company intends to raise minimum gross proceeds of $500,000 and up to $1,000,000 through the issuance of up to 50,000,000 units (the "Units") at a price of $0.02 per Unit.Each Unit will consist of one common share in the capital of the Company and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to acquire one additional common share of the Company at an exercise price of $0.05 for a period of 24 months from the date of issuance. The warrants will not be subject to an acceleration provision.The Offering is being conducted pursuant to the Listed Issuer Financing Exemption under Part 5A of National Instrument 45-106, and the securities issued pursuant to the Offering are expected to be freely tradeable in Canada, subject to applicable securities laws.Use of ProceedsVisionstate intends to use the net proceeds of the Offering to accelerate the commercial expansion of its MIRA Compliance Intelligence Platform through:Expansion of enterprise sales and marketing initiatives;Continued development of artificial intelligence and operational intelligence capabilities;Expansion of distributor relationships and U.S. market opportunities;Investor relations and capital markets initiatives designed to increase awareness of the Company's business and growth strategy;Enterprise customer deployment and implementation support; andWorking capital and general corporate purposes."We believe Visionstate is entering a new stage in its evolution," said John Putters, Chief Executive Officer of Visionstate. "Over the past year, we have invested heavily in strengthening the MIRA platform, with a particular emphasis on artificial intelligence and building the foundation for Compliance Intelligence. With that work largely complete, our focus is now shifting toward commercialization. This financing is intended to accelerate enterprise sales, marketing, investor relations, distributor expansion and customer deployments while continuing to advance our techn...