VANCOUVER, British Columbia, June 05, 2026 (GLOBE NEWSWIRE) -- Grey Matters Health Inc. (the "Company" or "Grey Matters") (CSE:GREY) (FRANKFURT: AGW0) (OTC:AGNPF), a Canadian healthcare company, is pleased to announce the closing of the first tranche (the "First Tranche") of its non-brokered private placement (the " Offering"), previously announced on April 22, 2026 and updated on May 25, 2026. Gross proceeds from the First Tranche totalled CAD $500,000 from the sale of 1,250,000 units (the "Units") at an issue price of CAD $0.40 per Unit.
Certain insiders of the Company participated in the First Tranche of the Offering in the amount of CAD $184,000. The participation by insiders in the First Tranche of the Offering constitutes a "related party transaction" as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is relying on the exemptions from the 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, as neither the fair market value of the Units purchased by insiders, nor the consideration for the Units paid by such insiders, exceeded 25% of the Company's market capitalization. The Company did not file a material change report in respect of the related party transaction at least 21 days before the closing of the First Tranche of the Offering, which the Company deems reasonable in the circumstances as the details of the participation by insiders of the Company were not settled until shortly prior ...
