Shelfie-Tech Announces Private Placement Plan

Toronto's Shelfie-Tech Ltd. has announced the closing of its non-brokered private placement on June 17, 2026. The company plans to issue up to 4,615,385 common shares at CAD$1.78 each, aiming to raise up to CAD$8,215,000. The capital raised will be allocated to sales and marketing, expanding their client base, research and development, and working capital.

CEO Bentsur Joseph expressed satisfaction with the anticipated outcome of the financing and noted strong market demand. The placement involves a related party transaction, influenced by Multilateral Instrument 61-101, but qualifies for exemptions from valuation and minority shareholder approval requirements.