Toronto, Ontario–(Newsfile Corp. – November 21, 2025) – PesoRama Inc. (TSXV: PESO) (OTC Pink: PSSOF) (FSE: ZE6) (“PesoRama” or the “Company“), a Canadian company operating dollar stores in Mexico under the JOI DOLLAR PLUS brand, is pleased to announce a first closing of the Company’s equity offering, first announced on October 20, 2025 for gross proceeds of $3,500,000. Pursuant to the offering, the Company sold 14,000,000 units of the Company (each, a “Unit“) at a price of $0.25 per Unit. The Company expects the second tranche of the total $5,000,000 equity financing to close next week.
Each Unit is comprised of one common share of the Company (a “Common Share“) and one Common Share purchase warrant of the Company (a “Warrant“). Each Warrant will entitle the holder thereof to acquire one Common Share (a “Warrant Share“) at a price of $0.40 per Warrant Share for a period of 18 months from January 20, 2026, being the date that is 60 days following the closing date (such date of expiration, the “Warrant Expiry Date“). From today and until the Warrant Expiry Date, in the event that the daily volume-weighted average trading price of the Common Shares on a recognized Canadian stock exchange, which includes the TSX Venture Exchange (“TSXV“), is equal to or greater than $0.60 over a ten consecutive trading-day period, the Company may, at its option, within ten business days following such ten-day period, accelerate the Warrant Expiry Date by issuing a press release, (a “Warrant Acceleration Notice“), and, in such case, the Warrant Expiry Date shall be deemed to be the date that is thirty (30) days following the issuance of the Warrant Acceleration Notice.
All of the Units were issued pursuant to the listed issuer financing exemption (LIFE) under Part 5A of National Instrument 45-106.
In connection with the offering, the Company paid a cash commission of $210,000 and issued 840,000 non-transferable finder warrants (each, a “Finder Warrant“) to arm’s-length finders. Each Finder Warrant is exercisable into one Unit at a price of $0.25 at any time on or before May 21, 2027.
The Company intends to use the net proceeds raised from the offering for store expansion and working capital.
The offering remains subject to final approval of the TSXV.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in the United States or in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been and will not be registered under the 1933 Act, or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.
