Shelfie-Tech announces CAD$8.2 million private placement

Shelfie-Tech Ltd. (CSE:SHLF)(OTCQB: SHLFF) announced plans to close a non-brokered private placement on or around June 17, 2026. The offering consists of up to 4,615,385 common shares priced at CAD$1.78 per share to raise gross proceeds of up to CAD$8,215,000.

The company stated it will use proceeds for sales and marketing, expanding its client base, research and development, and working capital purposes. The securities will be subject to a four-month hold period.

"We are very pleased with the expected result of this financing, and the demand from the market," said Bentsur Joseph, CEO of the company.

The private placement constitutes a related party transaction under Multilateral Instrument 61-101 because a participating company with a common director is expected to acquire shares worth US$2,500,000. Shelfie-Tech has relied on exemptions from formal valuation and minority shareholder approval requirements since the insider participation represents less than 25% of the company's market capitalization.

The information is based on a company press release.

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