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Highlights

  • Syntheia plans to issue up to 35,000,000 units at CAD 0.12 per unit to raise gross proceeds of CAD 4.2 million.
  • Each unit includes a caommon share and a warrant exercisable at CAD 0.16 for five years.
  • Proceeds will help fund working capital and partially finance the Call Centre Guys Inc. asset acquisition.

Syntheia Corp. (CSE:SYAI) has announced a non-brokered private placement offering gross proceeds of up to CAD 4.2 million, according to a July 23 press release. The company intends to issue up to 35,000,000 units, priced at CAD 0.12 per unit.

Each unit will consist of one common share and one warrant. The warrant will entitle the holder to purchase one additional common share at an exercise price of CAD 0.16, expiring five years from the closing date. However, if the company’s shares trade at a volume-weighted average price above CAD 0.20 for 20 consecutive trading days, the expiry can be accelerated. In such a case, warrant holders will be given at least 30 days’ notice via press release.

The proceeds from the offering will be allocated towards general working capital and corporate purposes. Additionally, a portion of the funds will be directed toward the cash consideration payable to complete the asset acquisition from Call Centre Guys Inc., first announced on July 4, 2025.

Closing of the offering remains subject to regulatory and corporate approvals, including that of the Canadian Securities Exchange. The company may pay finder’s fees of up to 8 percent in cash or in units, or a combination of both, in accordance with CSE regulations.

All securities issued in this transaction will be subject to a statutory hold period. The minimum hold duration is the later of four months and one day following the closing or 10 trading days after the filing of a Form 52-104F4 Business Acquisition Report. This filing will include the audited financial statements for the acquired assets related to the Call Centre Guys Inc. transaction.

The offering will not be available to U.S. investors, as the securities are not registered under the U.S. Securities Act of 1933 and are subject to applicable restrictions on resale within the United States.