North America Home Finance Closes First Tranche of Private Placement

North America Home Finance Inc. has successfully closed the first tranche of its non-brokered private placement of Series 1 Non-Voting Preferred Shares, known as "Housing Shares." According to the company’s latest news release, the first tranche saw the issuance of 58,711 Housing Shares at a price of $9.75 per share, generating gross proceeds of approximately $572,432.

The company intends to use these funds to repay certain liabilities related to its current development project investments and to increase permanent capital on its balance sheet. In connection with the first tranche, North America Home Finance Inc. paid cash finder's fees of approximately $11,909 and issued 34,900 finder's warrants to eligible arm's-length finders. Each finder's warrant entitles the holder to acquire one common share of NAHF at an exercise price of $0.50 per common share for a period of 24 months following the closing date.

All securities issued in connection with the first tranche of the Offering are subject to a statutory hold period of four months and one day, ending on January 26, 2027. Following the closing of the first tranche, the Offering remains open, and the company may close additional tranches, subject to receipt of all necessary regulatory and CSE approvals.

Housing Shares are an important part of North America Home Finance Inc.’s housing equity strategy, providing investors with participation in the long-term value of residential housing while offering the company an expandable source of equity capital to support the acquisition and financing of additional residential housing assets.

North America Home Finance Inc. is a residential real estate finance and development company focused on expanding housing access through shared-equity and next-generation ownership pathways. The company develops, acquires, finances, and manages residential housing assets while working to enable more families and investors to participate in long-term housing equity growth.

The company’s next steps will be to continue seeking additional tranches of the Offering, subject to regulatory approvals, and to deploy the proceeds as planned.