OTTAWA, ON / ACCESSWIRE / May 28, 2021 / Braille Energy Systems Inc. (formerly Mincom Capital Inc.) (TSX-V: BES) (“ BESI ” or the “ Company ”), a global market leader in lithium-ion battery starters, announced today his intention to complete a non-brokered private placement of up to 7,812,500 units (the “ Units ”) of the Company at a price of $ 0.32 per unit (the “ Offer Price ”) ) for aggregate gross proceeds to the Company of up to $ 2,500,000 (the “ Offering ”). Each unit will consist of one common share of the capital of the Company (one “common share”) and one-half common share purchase warrant (each entire warrant, one “warrant”) of the. society. Each entire warrant will entitle its holder to purchase one common share (a “share with warrant”) at a price of $ 0.50 per share with warrant for a period of 24 months from the date of purchase. ‘program.

The placement is expected to be closed in tranches, with the first tranche to be closed as soon as possible subject to certain conditions, including, but not limited to, receipt of all necessary approvals, including the approval of the Exchange. TSX Venture (the “ Exchange ”). ). Units will be sold by private placement to accredited investors in accordance with the “accredited investor” exemption or other available and agreed exemptions from the prospectus requirements. Common shares, warrants and shares with warrants will have a holding period of four months and one day from the date of issue.

“These funds will be used to advance strategic investment opportunities and strengthen our value proposition in the rapidly evolving global lithium battery market. said Lindsay Weatherdon, President and CEO of Braille Energy Systems Inc.

The Company may pay finder’s fees equivalent to 7% of the gross proceeds of part of the cash financing and 7% of warrants equivalent to the number of units issued under the Offer (the “ warrants subscription ”) in accordance with the policies of the Bourse. Each Finder Warrant allows the investor to purchase one unit at the offering price for a period of 24 months from the closing of the offering.

This press release does not constitute an offer to sell or the solicitation of an offer to buy, and there will be no sale of such securities in any jurisdiction in which such an offer, solicitation or sale would be illegal prior to the registration or qualification under titles. laws of such jurisdiction.

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.

About Braille Energy Systems Inc.

Braille Energy Systems Inc. owns an 89.95% interest in Braille Holdings Inc., which owns a 100% interest in Braille Battery Inc. Braille Battery is an established battery manufacturing and energy storage company that provides batteries to the professional motorsport industry and the pioneer of a full line of high power lightweight battery systems for the transportation market. Braille Energy Systems (BESI) will expand its market penetration to a wider range of market segments that require lightweight, high performance energy solutions, using the most scientifically advanced materials. For more information on BESI and Braille Battery products, please visit our website at: www.brailleenergysystemsinc.com or www.braillebattery.com.

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.

This press release may contain assumptions, estimates and other forward-looking statements regarding future events. Such forward-looking statements involve inherent risks and uncertainties and are subject to factors, many of which are beyond the control of the company, that may cause actual results or performance to differ materially from those currently anticipated in such statements. .

Investor contacts of Braille Energy Systems Inc .:

Scott Anderson
Investor Relations
(858) 229-7063
[email protected]

Judith Mazvihwa-MacLean
CFO
(613) 581-4040
[email protected]

SOURCE: Braille Energy Systems Inc.

See the source version on accesswire.com:
https://www.accesswire.com/649659/Braille-Energy-Systems-Inc-Announces-Non-Brokered-Private-Placement



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