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VANCOUVER, British Columbia, May 08, 2025 (GLOBE NEWSWIRE) — AlphaGen Intelligence Corp. (CSE: AIC | OTC: APETF | FSE: W4V) (“AlphaGen” or the “Company”) is pleased to announce a non-brokered private placement offering (the “Offering”) consisting of up to an aggregate 2,437,500 units of the company (each, a “Unit”) at a price of $0.08 per Unit for gross proceeds of up to $195,000.
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Each Unit consists of one (1) common share in the capital of the Company (each, a “Share”) and one (1) whole Share purchase warrant (each, a “Warrant”), whereby each Warrant shall be convertible into an additional Share at an exercise price of $0.12 for a period of two (2) years from the date of issuance.
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The Company intends to use the net proceeds raised from the Offering for general working capital purposes. All securities issued pursuant to the Offering will be subject to a statutory four months and one day hold period. The closing of the Offering is subject to the satisfaction of certain customary conditions precedent, including the Company’s receipt of all necessary regulatory approvals, including approval of the Canadian Securities Exchange. The Offering is expected to close on or about May 16, 2025.
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This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
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About AlphaGen Intelligence Corp.
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AlphaGen Intelligence Corp. (CSE: AIC) (OTC: APETF) (FSE: W4V) is a publicly traded company, holding a portfolio of assets in gaming, entertainment, eCommerce, and retail. Operational units include: Shape Immersive, a full service metaverse studio building the future of web3 gaming and virtual retail experiences for Fortune 500 companies and beyond through 3D, spatial computing and game production; MANA, a SaaS solution and innovation lab that empowers partner companies to level up their community engagement by launching their own gaming platforms; AlphaGen clients and partners include RTFKT, Olympics, Red Bull, Intel, TED and more. Learn more at: https://alphagen.co.
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Contact:
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Investor Relations: [email protected] – 604 359 1256
Media and Public Relations: [email protected]
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On Behalf of The Board of Directors
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Eli Dusenbury
CFO and Director
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Cautionary Note Regarding Forward-Looking Statements
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Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current beliefs or assumptions as to the outcome and timing of such future events.
English (US)