EDMONTON, AB, Sept. 25, 2026 /CNW/ — Dr. Phone Fix Canada Corporation (“Dr. Phone Fix” or the “Company”) (TSXV: DPF) is pleased to announce the successful closing of its previously announced non-brokered private placement (the “Offering”) of convertible debenture units.
The Company issued a total of 1,608 units (each, a “Unit”) at a price of $1,000 per Unit, generating aggregate gross proceeds of $1,608,000. Each Unit consists of (i) one unsecured convertible debenture with a principal amount of $1,000 (a “Convertible Debenture”) and (ii) 3,125 common share purchase warrants (each, a “Warrant”).
Further information regarding the Offering, including the terms and conditions of the Convertible Debentures and Warrants, is available in the Company's news release dated May 19, 2026.
Finder's Fees and Warrants
In connection with the Offering, the Company paid qualified arm's-length finders a total cash fee of $110,810 and issued 692,562 common share purchase warrants (each, a “Finder's Warrant”).
Each Finder's Warrant entitles its holder to purchase one common share of the Company at an exercise price of $0.22 per share, exercisable until the date that is 24 months from the date of issuance.
Securities Hold Period and Regulatory Approval
All securities issued under the Offering, including common shares issuable upon the conversion of Convertible Debentures or the exercise of Warrants and Finder's Warrants, are subject to a statutory hold period of four months and one day from the closing date, in accordance with applicable securities laws and the policies of the TSX Venture Exchange (the “TSXV”).
The Offering remains subject to final acceptance by the TSXV.
Notice to U.S. Investors
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any applicable state securities laws.
Accordingly, these securities may not be offered or sold in the United States, or to or for the account or benefit of any person in the United States or any “U.S. Person,” as defined in Regulation S under the U.S. Securities Act, unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from the relevant registration requirements.
About Dr. Phone Fix
Dr. Phone Fix is an award-winning, environmentally conscious Canadian integrated device care platform offering device repair, refurbishment, certified pre-owned devices, trade-in solutions, accessories and related services through its expanding national retail network.
Founded in 2019, the Company serves consumers and businesses across multiple Canadian markets through its network of corporately owned retail locations. With a strong emphasis on operational excellence, customer service and sustainability, Dr. Phone Fix continues to grow its national presence while promoting device repair, reuse and the extension of the useful life of connected devices.
For more information, visit www.docphonefix.com.
NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
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