EDMONTON, AB, Sept. 8, 2025 /CNW/ – Dr. Phone Fix Canada Corporation (“Dr. Phone Fix” or the “Company”) (TSXV: DPF) is pleased to announce a non-brokered private placement (the “Offering”) of up to 16,666,667 Units of the Company at $0.15 per Unit, for gross proceeds of up to $2,500,000.
Each Unit will consist of one common share (“Share”) and one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will entitle the holder to purchase one Share at $0.25 per Share for a period of two years from the date of issuance.
Following the closing of the Offering, if the volume-weighted average trading price of the Company’s Shares on the TSX Venture Exchange (TSXV) reaches $0.40 or higher for ten consecutive trading days, the Company may, at its discretion, accelerate the expiry of the Warrants to 30 days after written notice is provided to Warrant holders.
The Company intends to use the net proceeds of the Offering to support the implementation of its M&A growth strategy and for general working capital purposes.
“This financing provides us with the resources to accelerate our growth strategy,” said Piyush Sawhney, Chief Executive Officer of Dr. Phone Fix. “In addition to opening new stores organically, we are pursuing selective accretive M&A opportunities with the goal of approximately doubling our store count from 35 to 70 over the next 12 to 18 months. By expanding our national footprint, we aim to drive additional shareholder value, strengthen industry partnerships, and solidify our position as Canada’s leading independent mobile device repair and service provider.”
The Offering is expected to close on or about September 25, 2025, subject to customary conditions, including TSXV approval. The Company reserves the right to increase the Offering to 26,666,667 Units for gross proceeds of up to $4,000,000 at any time before closing. All securities issued under the Offering will be subject to a statutory hold period of four months and one day in accordance with applicable securities laws.
This news release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities described herein in the United States. These securities have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States or to U.S. Persons unless registered or pursuant to an exemption from such registration requirements.
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