BELO HORIZONTE, Brazil, March 12, 2026 (GLOBE NEWSWIRE) -- Verde AgriTech Ltd. (TSX:NPK, OTCQX:VNPKF) ("Verde" or the "Company") is pleased to announce the closing of a brokered private placement with majority subscribed by a leading resources institutional investor, previously announced on March 2, 2026, for aggregate gross proceeds of $4,500,000 (the "Offering"), consisting of 3,750,000 units of the Company ("Units") issued at a price of $1.20 per Unit (the "Offering Price"). The Offering was conducted on a commercially reasonable "best efforts" basis by A.G.P. Canada Investments ULC, acting as lead agent and sole bookrunner (the "Agent"), with A.G.P./Alliance Global Partners acting as U.S. Placement Agent.
Each Unit consists of one ordinary share of the Company (each, a "Share") and one Share purchase warrant (each, a "Warrant"). Each Warrant entitles the holder to acquire one additional Share (a "Warrant Share") at a price of $1.65 per Share for a period of 30 months after the date of this news release (the "Closing Date"), subject to adjustment in certain events.
The Units were offered by way of the listed issuer financing exemption under Part 5A of National Instrument 45-106, Prospectus Exemptions ("NI 45-106"), as amended by Coordinated Blanket Order 45-935, Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the "Order"), in the provinces of Alberta, British Columbia and Ontario (the "Canadian Selling Jurisdictions"). Pursuant to NI 45-106 and the Order, the securities issued to purchasers resident in the Canadian Selling Jurisdictions under the Offering, including the Shares and the Warrants underlying the Units, and, upon exercise of the Warrants, the Warrant ...
