EDMONTON, AB – November 17, 2025 (CNW) – Dr. Phone Fix Canada Corporation (“Dr. Phone Fix” or the “Company”) (TSXV: DPF) is pleased to announce the successful completion of the second and final tranche of its previously announced non-brokered private placement (the “Offering”). The Offering consisted of up to 16,666,667 units issued at a price of $0.15 per unit, for total gross proceeds of up to $2,500,000.
Under the second tranche, the Company issued 8,892,352 units for gross proceeds of $1,333,852.80. Combined with the first tranche, Dr. Phone Fix raised total gross proceeds of $2,572,603.20, exceeding its original target and resulting in the Company exercising its right to increase the size of the Offering.
Each unit is comprised of one common share of the Company and one-half of one common share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share at an exercise price of $0.25 per share for a period of two years from the date of issuance. All securities issued under the Offering are subject to a statutory hold period of four months and one day in accordance with applicable securities laws. Completion of the Offering remains subject to final acceptance by the TSX Venture Exchange (the “TSXV”).
“The successful completion of this second tranche and the upsizing of the Offering demonstrate strong investor confidence in our strategy and execution,” said Piyush Sawhney, Chief Executive Officer of Dr. Phone Fix. “With this additional capital, we will continue to execute our disciplined M&A strategy and accelerate the expansion of our national retail footprint, with the goal of doubling our store count from 35 to 70 locations over the next 12 to 18 months.”
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