Novra Technologies Inc. (TSXV: NVI) has announced a $1.3 million non-brokered private placement agreement with The David E. Chymiak Trust, issuing 10,000,000 common shares at $0.13 per share. The financing is intended to support working capital, research and development activities, and the repayment of existing liabilities. The deal, which remains subject to TSX Venture Exchange approval, will make the Trust an insider of Novra upon closing, holding approximately 16.6% of issued and outstanding shares.

Key Points

  • Novra Technologies Inc. (TSXV: NVI, OTCQB: NVRVF) announced the private placement on October 28, 2026
  • 10,000,000 common shares to be issued at $0.13 per share, raising $1,300,000 in total
  • No finder's fees or commissions apply; TSX Venture Exchange approval has not yet been granted
  • Investors should watch for regulatory approval and the Trust's resulting ~16.6% insider stake

Placement Terms and Use of Proceeds

The private placement involves the issuance of 10,000,000 Novra common shares to The David E. Chymiak Trust dated December 15, 1999, priced at $0.13 per share for gross proceeds of $1,300,000. The company states that funds will serve as additional working capital supporting initiatives in new vertical and geographic markets, research and development activities, and the repayment of existing liabilities. No finder's fees or commissions are payable in connection with the financing, meaning the full $1.3 million flows directly to the company without intermediary costs.

Chymiak Trust to Become a Novra Insider After Closing

Upon completion of the transaction, The David E. Chymiak Trust will hold 10,000,000 Novra shares, representing approximately 16.6% of the company's issued and outstanding common shares. Under TSX Venture Exchange Policy 1.1, this threshold will designate the Trust as an insider of Novra. The announcement notes the transaction is a non-brokered arrangement, meaning Novra dealt directly with the Trust without engaging a broker-dealer to facilitate the placement. The deal remains conditional on TSX Venture Exchange approval, which had not been granted as of the announcement date.

Novra's Business Focus and Market Ambitions

Novra Technologies describes itself as an international technology provider of products, systems, and services for multimedia broadband content distribution. The Novra Group includes subsidiaries International Datacasting Corporation and Wegener Corporation, with research, development, and manufacturing operations in both Canada and the United States. The company serves customers in broadcast video and radio, digital signage, data distribution, government, and defence applications. The release states that proceeds will support expansion into new vertical and geographic markets, suggesting management is actively pursuing growth outside its established customer base.