Braille Energy Systems Inc (BES)

[TradingCharts]

Braille Energy Systems Inc. Announces Non-Brokered Private Placement
OTTAWA, ONTARIO, May 28, 2021 – Braille Energy Systems Inc. (formerly Mincom Capital Inc.) (TSX-V:
BES) (“BESI” or the “Company”), a global leader in the lithium-ion battery starter market, announced today
that it plans to complete a non-brokered private placement of up to 7,812,500 units (the "Units") of the
Company at a price of $0.32 per Unit (the "Offering Price") for aggregate gross proceeds to the Company
of up to $2,500,000 (the "Offering"). Each Unit will consist of one common share in the capital of the
Company (a “Common Share”) and one-half of one common share purchase warrant (each whole warrant,
a “Warrant”) of the Company. Each whole Warrant shall entitle the holder thereof to purchase one
Common Share (a “Warrant Share”) at a price of $0.50 per Warrant Share for a period of 24 months from
the date of issue.
The Offering is expected to close in tranches, with the first tranche to close as soon as possible subject to
certain conditions including, but not limited to, the receipt of all necessary approvals, including the
approval of the TSX Venture Exchange (the “Exchange”). The Units will be sold on a private placement
basis to accredited investors pursuant to the "accredited investor" exemption or other available and
agreed upon exemptions from prospectus requirements. The Common Shares, Warrants, and Warrant
Shares will have a hold period of four months and one day from the date of issue.
“These funds will be used to advance strategic investment opportunities and super charge our value
proposition in the ever-changing global lithium battery market.” said Lindsay Weatherdon, President and
CEO of Braille Energy Systems Inc.
The Company may pay finder's fees equal to 7% of the gross proceeds from a portion of the financing in
cash, and 7% finders warrants equal to the number of Units issued as part of the Offering (the "Finder
Warrants") in accordance with the policies of the Exchange. Each Finder Warrant entitles the finder to
purchase one Unit at the Offering Price for a period of 24 months from closing of the Offering.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there
be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of any such jurisdiction.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

https://www.brailleenergysystemsinc.com/news/2021/FINAL_BESI_announces_private_placement_052821.pdf