Pathfinder Closes Oversubscribed Private Placement

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VANCOUVER, BC / ACCESSWIRE / December 24, 2024 / Pathfinder Ventures Ltd. (TSXV:RV) (“Pathfinder” or the “Company”) is pleased to announce that it has closed the second (final) tranche of its non-brokered private placement, issuing an additional 15,075,000 units (“Units”) at a price of $0.10 per Unit for gross proceeds of $1,507,500. Combined with proceeds from the first tranche which closed September 13, 2024, the Company has raised an aggregate of $2,207,500.

Each Unit issued in the second tranche is comprised of one common share and one-half of a warrant, a whole warrant (“Warrant”) exercisable to purchase a common share at a price of $0.20 until December 23, 2027, subject to accelerated expiry upon certain events. The Company intends to use the net proceeds to fund and advance upgrades and expansion at its RV resorts, to advance acquisition opportunities within its pipeline, and for general working capital. In connection with the second tranche closing, the Company paid $17,500 and issued175,000 warrants having the same terms as the Unit warrants, in payment of finder fees. In total, the finder fees for both tranches were $46,900 in cash and 469,000 warrants. All securities issued in the second tranche are subject to a hold period until April 24, 2025.

Directors of the Company purchased an aggregate of 4,568,500 Units in the two tranches, representing approximately 20.70% of the total number of Units sold, with the associated common shares representing approximately 10.04% of the outstanding common shares as of the closing (and if the associated warrants are exercised, an aggregate of 6,852,750 common shares representing approximately 14.34% of the then-outstanding shares as of the closing). The participation by insiders constitutes a “related party transaction” within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company has relied upon the exemption from the formal valuation and minority shareholder approval requirements pursuant to sections 5.5(a), (b) and (c), and sections 5.7(1)(a) and (b), respectively, of MI 61-101.

About Pathfinder Ventures

Pathfinder Ventures Inc. aims to be the premier provider of RV resorts and manufactured housing communities, recognized for delivering exceptional guest experiences and innovative housing solutions. We are dedicated to creating welcoming, well-maintained, and modern spaces that bring people together, whether for travel or housing. Through a commitment to hospitality excellence, sustainable practices, and innovative solutions, we strive to enhance the lives of our guests, residents, and communities.

On behalf of the board of directors of the Corporation:

Joe Bleackley
Chief Executive Officer, Founder and Director
Pathfinder Ventures Inc.

Company Contact:
Joe Bleackley
Chief Executive Officer, and Director
Phone: (604) 914 2575
Email: ir@PathfinderVentures.ca
Website: PathfinderVentures.ca || PathfinderCampResorts.com