EdgeTI Closes C$4,999,490 Non-Brokered Private Placement Financing

Julian WestMonday, Jan 20, 2025 6:10 pm ET
4min read


Edge Total Intelligence Inc. (TSXV: CTRL) (OTCQB: UNFYF) (FSE: Q5i) (the "Company", "edgeTI") is pleased to announce the successful closing of a non-brokered private placement financing (the "Offering"), raising approximately C$4,999,490 in gross proceeds. The Offering consisted of the issuance of 9,433,000 units (the "Units") at a price of C$0.53 per Unit. Each Unit consists of one subordinate voting share (an "SVS") and one-half of one SVS purchase warrant (each whole warrant, a "Warrant"). Each Warrant is exercisable to acquire one additional SVS at an exercise price of C$0.67 for a term of 24 months from the date of issuance, subject to earlier expiry in certain circumstances.

The net proceeds from the Offering will be used to fund sales and growth programs around the Company's "Digital Twins" technology, including marketing costs, partner development and commission costs, and industry fees. Additionally, the funds will be allocated to general working capital and corporate expenses, such as director and officer fees, contractor and consulting fees, professional fees, and general and administration expenditures.

The Offering was conducted pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions. The securities issued under this exemption are not subject to a hold period pursuant to applicable Canadian securities laws. The Company has entered into a financial advisory agreement with Roth Canada, Inc. ("Roth"), whereby Roth will provide strategic advisory services to the Company for a cash fee of $125,000.



The successful closing of this financing round demonstrates edgeTI's commitment to investing in its growth and expanding its reach in the market. The Company's "Digital Twins" technology is a key strategic focus, and the funds raised will be used to support marketing efforts, partner development, and industry events to showcase the technology and network with potential clients. Additionally, the funds will be used to cover general working capital and corporate expenses, ensuring the Company has the resources needed to maintain and grow its operations.



In conclusion, Edge Total Intelligence Inc. has successfully raised approximately C$4,999,490 through a non-brokered private placement financing. The funds will be used to support the Company's growth initiatives, particularly around its "Digital Twins" technology, and to cover general working capital and corporate expenses. This financing round reflects the Company's commitment to investing in its future and expanding its reach in the market.

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