NOT FOR DISTRIBUTION TO US NEWS SERVICES OR FOR DISTRIBUTION IN THE UNITED STATES
VANCOUVER, British Columbia, Oct. 17, 2025 (GLOBE NEWSWIRE) — AlphaGen Intelligence Corp. (CSE: AIC | FSE: G4G) (“AlphaGen” or “Company“) announces the closing of its previously announced non-brokered private placement financing (“Offer“) by issuing a total of 3,900,000 shares of the Company (each, “Unit“) at a price of C$0.135 per Unit for aggregate gross proceeds of C$526,500. Each Unit consists of one common share in the capital of the Company (each “Share“) and one warrant to purchase Shares (“Order“), each warrant entitles the holder to purchase one Share at a price of C$0.18 for a period of 24 months from the date of issue. Warrants are subject to a 60-day hold period.
The net proceeds from the Offering are intended to be used for general administrative expenses and general working capital. In connection with the closing of the Offering, a total consideration of $7,492.50 was paid in cash as a finder's fee.
The offer was made pursuant to the “listed issuer financing exemption” under Part 5A of National Instrument 45-106: Exceptions from the prospectus and Coordinated General Order 45-935. Exceptions to certain conditions of a listed issuer's exemption from financing. The shares offered in the Offering are not subject to holding periods under applicable Canadian securities laws.
There is an offering document dated September 25, 2025 associated with the Offer, which can be accessed under the Company's profile at www.sedarplus.ca and on the Company's website at: https://www.alphagen.co/. The Offering Document contains additional information about the Offering, including additional information regarding the expected use of the proceeds therefrom.
The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended (“US Securities Law“), or any U.S. state securities laws, and may not be offered or sold in the United States or for the account or benefit of United States persons absent registration or any available exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About AlphaGen Intelligence Corp.
AlphaGen Intellectual Corporation (SFB: AIK) (OTC market: APETF) (FSE: G4G) is a publicly traded technology company that owns a portfolio of technology assets related to generative artificial intelligence and 3D content production. The company focuses its technology and 3D content production for use in entertainment, e-commerce and retail. Operating divisions include: Shape Immersive and MANA. Shape is a full-service technology development company that has developed end-to-end virtual retail experiences in the metaverse for Fortune 500 and beyond companies through 3D, spatial computing, and game production; MANA is a SaaS solutions and innovation lab that allows partner companies to increase their level of community engagement by launching their own gaming platforms; AlphaGen's list of clients and partners previously included RTFKT, Olympics, Red Bull, Intel, TED and others. Find out more at: https://alphagen.co.
Contact:
Investor Relations: [email protected] – 604 359 1256
Media and public relations: [email protected]
On behalf of the Board of Directors
Eli Dusenbury
CFO and director
FORWARD-LOOKING STATEMENTS
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future results. The use of any words “may”, “intends”, “expects”, “believes”, “will”, “predicts”, “estimates” and similar expressions and statements regarding matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current beliefs or assumptions regarding the outcome and timing of such future events.
In particular, this press release contains forward-looking information concerning, among other things, the expected use of proceeds from the Offering. In drawing conclusions or making the projections or projections set forth in forward-looking information, various assumptions or factors are generally applied, including the assumption that the Company will use the proceeds of the Offering as anticipated. These assumptions and factors are based on information currently available to the Company. Although such statements are based on the reasonable assumptions of the Company's management, there can be no assurance that any conclusions or forecasts will prove to be accurate.
Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include, but are not limited to, the risk that the Company will not use the proceeds of the Offering as currently expected.
The forward-looking information contained in this press release is made as of the date hereof, and the Company is under no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
The Canadian Securities Exchange has not reviewed, approved or disapproved of the contents of this press release.
