Braille Energy Systems Secures Funding and Announces Equity Plan Approval

Braille Energy Systems Inc. has successfully closed the first tranche of a non-brokered private placement, raising $100,000 through the issuance of 1,111,111 Units at $0.09 per Unit. Each Unit comprises one common share and one non-transferable warrant, allowing the acquisition of an additional share at $0.15 within 24 months. The first tranche involves a finder's fee of $5,000 and the issuance of 55,556 broker warrants.

The company plans to close the remaining offering in future tranches, subject to regulatory approval. Proceeds aim to support ongoing operations and general capital needs. Additionally, shareholders have approved an amended 20% fixed equity incentive plan, enabling the issuance of 18,742,007 options under TSX Venture Exchange review.