TrustBIX Extends Private Placement Deadline

News related to:TrustBIX Inc · 3 min read

Edmonton, Alberta, TrustBIX Inc., a leading agricultural technology company, has announced a further extension to its non-brokered private placement, which was initially announced on July 9, 2026 and August 25, 2026. The company has been granted until October 22, 2026 to complete the issuance of up to 50,000,000 units ("Units") at a price of $0.01 per Unit, with the potential to raise up to $500,000 in gross proceeds. The Private Placement remains subject to the final acceptance of the TSX Venture Exchange and all regulatory approvals.

Each Unit consists of one common share in the capital of TrustBIX ("Common Share") and one Common Share purchase warrant ("Warrant"), with each Warrant entitling the holder to purchase one Common Share at a price of $0.05 for a period of two years from the date of closing. If the closing price of the Common Shares on the principal market on which such shares trade is equal to or exceeds $0.10 per Common Share for twenty consecutive trading days, TrustBIX will have the right to accelerate the expiry date of the Warrants. In the event of acceleration, the expiry date will be accelerated to a date that is thirty days after the date that the Company has issued a press release announcing the exercise of the acceleration right; and thereafter, no further notification will be provided by TrustBIX to the subscribers.

The proceeds from the Private Placement will be used for general working capital purposes, including funding product development and commercialization, potential strategic acquisitions of companies, inventory procurement to support growth and operations, and repayment of debt. The securities to be issued under the Private Placement will be subject to a statutory hold period lasting four months and one day following the closing of the Private Placement.

The Common Shares issued under the Private Placement will be sold to investors pursuant to prospectus exemptions available under National Instrument 45-106, including exemptions for accredited investors, employee, executive officer, director and consultant, and existing security holders.

TrustBIX, an agricultural technology company providing Gate to Plate® solutions, is focused on creating a world where trust is more prevalent, waste is minimized, and sustainable practices are rewarded. The company's announcement of the further extension to its private placement underscores its commitment to advancing its innovative agricultural technology solutions and expanding its market presence.

Forward-Looking Information This press release contains certain forward-looking information and reflects the Company's present assumptions regarding future events. These statements involve known and unknown risks, uncertainties, and other factors that may cause the Company's actual results, levels of activity, performance, and/or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements.

Certain statements contained in this document constitute forward-looking statements and information within the meaning of the applicable Canadian securities legislation. When used in this document, the words "may", "would", "could", "should", "will", "intend", "plan", "propose", "anticipate", "believe", "forecast", "estimate", "expect" and similar expressions used by any of the Company's management, are intended to identify forward-looking statements. Such statements reflect the Company's internal projections, expectations, future growth, performance, and business prospects and opportunities and are based on information currently available to the Company. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. The Company does not intend, and does not assume any obligation, to update any such factors or to publicly announce the result of any revisions to any of the forward-looking statements contained herein to reflect future results, events or developments except as required by applicable securities legislation, regulations, or policies.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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