Route1 Announces C$500,000 Private Placement to Fund New Software

Route1 Inc., an engineering and professional services firm, announced a non-brokered private placement of units aimed at raising approximately C$500,000. Each unit is priced at C$0.075 and includes one common share and one purchase warrant, the latter allowing the purchase of an additional share at C$0.10 within 18 months. This offering aims to finance the development of Route1's Actionable Business Intelligence software application.

The company expects the offering to close in multiple tranches, with the first anticipated by November 19, 2025. Insider participation has been noted, constituting a "related party transaction" under certain exemptions. Closing remains contingent on customary conditions, including TSX Venture Exchange acceptance.