Rubicon Organics Announces Proposed Private Placement Offering under the Listed Issuer Financing Exemption

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Rubicon Organics
Rubicon Organics

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VANCOUVER, British Columbia, April 15, 2025 (GLOBE NEWSWIRE) -- Rubicon Organics Inc. (TSXV: ROMJ) (OTCQX: ROMJF) (“Rubicon Organics” or the “Company”), a licensed producer focused on cultivating and selling organic certified and premium cannabis products, is pleased to announce a non-brokered private placement offering of up to 6,818,182 units of the Company (each, a “Unit”) for aggregate gross proceeds of up to $3,000,000 (the “Offering”). Each Unit shall consist of one common share in the authorized share structure of the Company (each, a “Common Share”) and one-half of one Common Share purchase warrant (each, a “Warrant”). Each Warrant shall entitle the holder thereof to acquire one Common Share at a price of $0.70 for a period of 24 months following the closing date of the Offering, provided that if the volume weighted average trading price of the Common Shares on the TSX Venture Exchange is at least $1.00 at the close of any trading day for a period of 20 consecutive trading days following the date of issuance, the expiry date of the Warrants may be accelerated by the Company to a date that is not less than 30 days after the date that notice of such acceleration is provided to the holders of the Warrants by way of a press release (the “Accelerated Expiry Date”). All Warrants that remain unexercised following the Accelerated Expiry Date shall immediately expire and all rights of holders of such Warrants shall be terminated without any compensation to such holder.

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 Prospectus Exemptions (“NI 45-106”), the Offering is being made to purchasers resident in each of the provinces and territories of Canada pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 (the “Exemption”). The securities offered under the Exemption will not be subject to a hold period in accordance with applicable Canadian securities laws.

All of the members of the Board of Directors have committed for an aggregate amount of over $1,250,000 of the Offering.

There is an offering document (the “Offering Document”) related to the Offering that can be accessed under the Company’s profile at www.sedarplus.com and on the Company’s website at www.rubiconorganics.com. Prospective investors should read this Offering Document before making an investment decision.

Upon closing of the Offering, the Company may pay finders fees under the Offering as permitted by the policies of the TSX Venture Exchange and applicable securities laws.