VANCOUVER, British Columbia and WILMINGTON, Mass., Jan. 15, 2026 (GLOBE NEWSWIRE) -- Liberty Defense Holdings Ltd. ("Liberty" or the "Company") (TSXV:SCAN, OTCQB:LDDFF, FRANKFURT: E30)), a leading technology provider of AI-based next generation detection solutions for concealed weapons and threats, is pleased to announce that it has closed the second and final tranche of a non-brokered private placement of 3,943,207 units (the "Units") of the Company at the price of C$0.22 per Unit for gross proceeds of approximately $867,505 (the "Offering"), and combined with the first tranche of the Offering brings the total gross proceeds raised to approximately $2.61 million.
Each Unit will consist of one common share in the capital of the Company (a "Common Share") and one Common Share purchase warrant (a "Warrant"). Each Warrant will entitle the holder thereof to purchase one Common Share of the Company (a "Warrant Share") from March 17, 2026 until January 15, 2027 at the exercise price of C$0.30 per Warrant Share.
"We are grateful for the continued support of our shareholders as we complete this $2.6 million financing," said Bill Frain, CEO of Liberty Defense. "With both of our core technologies—HEXWAVE and High-Definition Advanced Imaging Technology (HD-AIT)—now fully developed, the Company is entering a pivotal growth phase. In 2026, we anticipate generating commercial sales from both technologies as global demand for advanced security solutions continues to rise."
The Company is also pleased to announce that management will participate in the AlphaNorth Capital Event, hosted by CEM Capital Event Management, taking place January 16-18, 2026, at the Grand Hyatt Baha Mar in Nassau, Bahamas.
The Offering was completed pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 - Prospectus Exemptions, as amended by Coordinated Blanket Order 45-935, Exemptions from Certain Conditions to the Listed Issuer Financing Exemption, accordingly, the securities issued in the Offering are not subject to a hold period in accordance with applicable Canadian securities laws. There is an offering document (the "Offering Document") related to the Offering that can be accessed under the Company's profile at www.sedarplus.ca and on the Company's website at:
