Vancouver, British Columbia--(Newsfile Corp. - July 3, 2026) - Ynvisible Interactive Inc. (TSXV: YNV) (FSE: 1XNA) (the "Company" or "Ynvisible") announces that further to its news release of April 24, 2026, May 13, 2026, and June 4, 2026, the Company has closed the second and final tranche (the "Final Tranche") of its follow-up non-brokered private placement (the "Private Placement").
In the Final Tranche, the Company issued 2,460,000 units of the Company (the "Units") at a price of $0.10 per Unit for total gross proceeds of $246,000. Each Unit consists of one common share of the Company ("Share") and one transferable common share purchase warrant ("Warrant"), whereby each Warrant is exercisable into one additional Share at a price of $0.14 per Share until July 3, 2029, being the date that is three years from the date of issuance. Together with the first tranche of the Private Placement that closed May 13, 2026, the Company has issued an aggregate of 5,790,000 Units and raised proceeds of $579,000 pursuant to the Private Placement.
Insiders of the Company participated in the Final Tranche acquiring an aggregate of 1,000,000 Units for proceeds to the Company of $100,000. Ramin Heydarpour, Chief Executive Officer and Executive Chairman of the Board of the Company, purchased 500,000 Units for $50,000; and Michael Kott, Director of the Company, purchased 500,000 Units for $50,000 through a corporation he controls and directs. As disclosed previously, insiders of the Company also participated in first tranche of the Private Placement acquiring 1,180,000 Units.
The participation by insiders of the Company in the Final Tranche constitutes a "related party transaction" as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company relied on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(1)(a) of MI 61-101, as neither the fair market value of the Units purchased by the insiders, nor the consideration for the Units paid by such insiders, exceeded 25% of the Company's market capitalization. The Company did not file a material change report in respect of the related party transaction at least 21 days before the closing of the Final Tranche, which the Company deems reasonable in the circumstances in order to complete the Final Tranche in an expeditious manner.
All securities issued and issuable pursuant to the Final Tranche are subject to a hold period expiring November 4, 2026, being the date that is four months and one day from the date of issuance in accordance with applicable Canadian securities legislation.