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VANCOUVER, British Columbia, Nov. 27, 2025 (GLOBE NEWSWIRE) -- Encore Technologies Corp. (CSE:ENCR) (the "Company") is pleased to announce the successful completion of its initial public offering (the "Offering"), which closed today and involved the issuance of 5,750,000 common shares (the "Shares") at $0.15 per Share for gross proceeds of $862,500, including the full exercise of the Agent's over-allotment option for an additional 750,000 Shares.

The Offering was led by Leede Financial Inc. (the "Agent"), acting as agent and sole bookrunner on a commercially reasonable efforts basis, pursuant to an agency agreement dated October 23, 2025 (the "Agency Agreement"). In connection with its services under the Agency Agreement, the Company issued the Agent 402,500 non-transferable share purchase warrants (the "Agent's Warrants"), each exercisable to acquire one Share at a price of $0.20 per Share until November 27, 2026. The Company also paid the Agent a cash commission of $60,375 (representing 7.0% of the gross proceeds of the Offering, including proceeds from the over-allotment option), a corporate finance fee of $50,000 plus applicable taxes and reimbursed the Agent for certain expenses in accordance with the Agency Agreement.

The Company intends ...