Shelfie-Tech Closes CAD$1.71 Million Private Placement

what happened

ACCESS Newswire reported on October 12, 2026, that Shelfie-Tech Ltd. had closed its previously announced non-brokered private placement. The company issued 961,642 common shares at CAD$1.78 each, generating gross proceeds of approximately CAD$1,711,538. Shelfie-Tech first announced the financing on June 10, 2026.

The company plans to use the proceeds to complete its acquisition of Aspect Information Systems Ltd., referenced in a May 4, 2026, release, and for general working capital and corporate purposes. The securities carry a four-month-and-one-day hold period. Shelfie-Tech will pay approximately CAD$38,340 in finders’ fees and issue 21,539 shares to eligible finders.

The securities have not been registered, and will not be registered, under the United States Securities Act of 1933. They cannot be offered or sold in the United States without registration or an applicable exemption. The Canadian Securities Exchange said it had not reviewed the company’s merits or approved the release. Shelfie-Tech also noted that forward-looking statements reflect management’s current expectations and may differ materially from actual results.

why it matters

The financing provides funds for the announced Aspect Information Systems acquisition while increasing Shelfie-Tech’s share count. The hold period and finder compensation are specified in the placement terms.

instruments