Seegnal Inc. Announces Non-Brokered Private Placement

CALGARY, ALBERTA, June 02, 2026 (GLOBE NEWSWIRE) -- Seegnal Inc. (TSXV: SEGN) (“Seegnal” or the “Company”), a global leader in SaaS clinical division support solutions, is pleased to announce that, the Company intends to complete a non-brokered private placement (the “Offering”) of up to 4,642,857 units in the capital of the Company (each, a “Unit”) for gross proceeds of up to CDN$1,300,000, at a price of $0.28 per Unit. Each Unit is comprised of one common share in the capital of the Company (each, a “Common Share”) and one common share purchase warrant (each, a “Warrant”). Each Warrant is exercisable to acquire one Common Share at a price of CDN$0.50 for a period of 36 months.

The proceeds of the Offering will be used by the Company for general corporate and working capital purposes. The Offering is subject to the receipt of all regulatory approvals including the approval of the TSX Venture Exchange (the “TSXV”). The Units to be issued under the Offering will be offered for sale pursuant to exemptions from the prospectus requirements in accordance with National Instrument 45-106 – Prospectus Requirements in each province of Canada and to foreign investors (outside of Canada and the United States) under exemptions from the registration requirements of applicable securities laws in the jurisdiction of residence.

In connection with completion of the Offering, the Company may pay finders’ fees to eligible third parties of up to: (i) eight percent (8%) of the aggregate gross proceeds of the Offering; and (ii) non-transferable common share purchase warrants of the Company equal to eight percent (8%) of the number of Units sold pursuant to the Offering (each, a “Finders’ Warrant”). Each Finders’ Warrant is exercisable to acquire one Common Share at a price of CDN$0.50 for a period of 12 months.

All securities issued under the Offering will be subject to a hold period expiring four months and one day from the date of issuance. The Offering is expected to close in one or more tranches on or before June 30, 2026.

Insiders of the Company are expected to subscribe for Units under the Offering. The insiders’ participation in the Offering constitutes a “related party transaction” as defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). Such participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the securities anticipated to be acquired by the insiders, nor the consideration for the securities paid by such insiders, exceed 25% of the Company’s market capitalization. As the specific participation of each related party that the Company expects will participate in the Offering has not been confirmed as of the date of this press release, additional information required under MI 61-101 will be provided in the Company’s material change report with respect to the Offering, including a description of the interest of all related parties in the Offering, and where applicable, a description of the effect on the percentage of the securities of the Company held by related parties participating.

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