Tuesday, 02 January 2024 12:17 GMT

Universal Digital Announces Closing Of First Tranche Of Brokered Private Placement


(MENAFN- Newsfile Corp) Vancouver, British Columbia--(Newsfile Corp. - September 18, 2025) - Universal Digital Inc. (CSE: LFG) (FSE: 8R20) (the " Company ") is pleased to announce that it has closed the first tranche of its previously announced brokered private placement offering of 2,431,300 units of the Company (the " Units ") at a price of $0.60 per Unit (the " Issue Price ") for aggregate gross proceeds of $1,458,780 (the " Offering "). The Offering was conducted by Beacon Securities Limited (the " Lead Agent "), acting as lead agent and sole bookrunner, and Hampton Securities Limited (together with the Lead Agent, the " Agents ") on a "best efforts" marketed basis. The Company expects to close another tranche of the Offering in due course.

Each Unit issued under the Offering consists of one common share in the capital of the Company (each, a " Common Share ") and one-half of one Common Share purchase warrant (each whole Common Share purchase warrant, a " Warrant "). Each Warrant entitles the holder thereof to acquire one Common Share (each, a " Warrant Share ") at an exercise price of $0.80 per Warrant Share for a period of 24 months from the closing of the Offering (the " Closing ").

The net proceeds from the Offering are intended to be used to (i) acquire a strategic equity and warrant position in Tokyo Stock Exchange-listed ReYuu Japan Inc. (the " ReYuu Investment ") and (ii) for working capital and general corporate purposes. The ReYuu Investment is subject to customary closing conditions, including regulatory approval under Japan's Foreign Exchange and Foreign Trade Act. For further information about the ReYuu Investment, please see the Company's press release dated September 2, 2025.

The Units were issued by way of the listed issuer financing exemption under Part 5A of National Instrument 45-106 - Prospectus Exemptions (" NI 45-106 ") and in reliance on the amendments to Part 5A of NI 45-106 set forth in Coordinated Blanket Order 45-953 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (collectively, the " Listed Issuer Financing Exemption "), and are not subject to a statutory holder period in accordance with applicable Canadian securities laws.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States. The securities described herein 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, or for account or benefit of, U.S. Persons (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws, or an exemption from such registration requirements is available.

About Universal Digital Inc.

Universal Digital Inc. is a Canadian investment company focused on digital assets, businesses and private and publicly listed entities that are involved in high-growth industries, with a particular focus on blockchain, cryptocurrencies and cryptocurrency technologies. The Company aims to provide shareholders with long-term capital growth through a diversified investment approach, and to participate in the transformation of global finance through the integration of digital asset strategies.

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