CanPR Technology Ltd. Closes Non-Brokered Private Placement

CanPR Technology Ltd. (TSXV: WPR) is pleased to announce that it has closed the non-brokered private placement. The Company raised $411,684.95 from the sale of 11,762,427 units at $0.035 per Unit. Each Unit is comprised of one common share in the capital of the Company and one Common Share purchase warrant. Each Unit Warrant entitles the holder to purchase one Common Share for $0.06 per Common Share until July 13, 2027. The Unit Warrants are non-transferable. All securities are subject to a four-month hold expiring on November 14, 2026. The Company did not pay any finders' fees on the sale of the Units. A director of the Company purchased or acquired direction and control over a total of 5,714,285 Units under the private placement. The placement to this person constitutes a "related party transaction" within the meaning of TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions. The Company has relied on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 with respect to related party participation in the placement as neither the fair market value of the subject matter of the transaction, nor the fair market value of the consideration for the transaction, insofar as it involved the related party, exceeded 25% of the Company's market capitalization.