Ynvisible Announces Private Placement of up to $3.0 Million in Common Shares
Vancouver, British Columbia--(Newsfile Corp. - May 16, 2025) - Ynvisible Interactive Inc. (TSXV: YNV) (FSE: 1XNA) (the "Company" or "Ynvisible") announces that it is undertaking a non-brokered private placement financing (the "Private Placement") consisting of a minimum of 8,181,818 common shares of the Company (the "Shares", and each, a "Share") and up to a maximum of 13,636,364 Shares, at an issue price of $0.22 per Share to raise minimum gross proceeds of $1,800,000 and maximum gross proceeds of up to $3,000,000. Completion of the Private Placement will be contingent upon the Company issuing a minimum of 8,181,818 Common Shares at a price of $0.22 per Common Share for aggregate proceeds of $1,800,000.
Closing of the Private Placements is anticipated to occur on or about June 13, 2025. Closing is subject to the satisfaction of certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals for the Private Placement, including acceptance of the TSX Venture Exchange. Proceeds from the Private Placement will be used to fund general and administrative needs, to accelerate sales & marketing, scale operations to deliver existing and future customer orders, invest in product innovation, and raise enterprise value.
Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions ("NI 45-106"), the Shares will be offered for sale to purchasers resident in Canada (except Quebec) and/or other qualifying jurisdictions pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, (the "LIFE Exemption"). The Shares issued under the LIFE Exemption are expected to be immediately freely tradeable under applicable Canadian securities legislation if sold to purchasers resident in Canada.
There is an offering document dated May 16, 2025 related to the Private Placement that can be accessed on SEDAR Plus under the Company's profile at www.sedarplus.ca and on the Company's website at www.ynvisible.com. Prospective investors should read this offering document before making an investment decision.
Insiders of the Company may participate in the Private Placement. Such participation would constitute a "related party transaction" as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101") and the Company will rely on the exemptions from the 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, as neither the fair market value of the securities that may be purchased by insiders, nor the consideration for the securities to paid by such insiders, will exceed 25% of the Company's market capitalization.