TORONTO, Feb. 19, 2026 (GLOBE NEWSWIRE) -- Odyssey Resources Limited ("Odyssey" or the "Company") (NEX: ODX.H) is pleased to announce that it has closed the previously announced non-brokered private placement pursuant to which the Company issued 987,654 common shares in the capital of the Company (the "Common Shares") at an issue price of C$0.10125 per Common Share for aggregate gross proceeds of approximately $100,000 (the "Private Placement").
The proceeds of the Private Placement are expected to be used for general corporate and working capital purposes.
The Common Shares issued under the Private Placement will be subject to a statutory four month and a day hold period that will expire on June 20, 2026.
The Private Placement constitutes a "related party transaction" within the meaning of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions ("MI 61-101") and TSXV Policy 5.9, Protection of Minority Security Holders in Special Transactions (which incorporates the requirements of MI 61-101) because an insider of the Company, being Dundee Corporation, participated in the Private Placement and acquired all of the Common Shares issued in the Private Placement. The Company has relied on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in Sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect ...
