BULLETIN V2026-2568
TRUSTBIX INC. ("TBIX")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: August 6, 2026
TSX Venture Tier 2 Company
The TSX Venture Exchange has accepted for filing documentation relating to the Share Purchase Agreement dated April 15, 2026 (the "Agreement"), between TrustBIX Inc. (the "Company") and Zen Cyber Ltd., an arm's-length party (the "Vendor"). Pursuant to the terms of the Agreement, the Company acquired 100% of the issued and outstanding shares of the Vendor.
Pursuant to the terms of the Agreement, the maximum consideration for this acquisition is $125,000. The acquisition is structured such that the Company issued 1,250,000 consideration units (the "Consideration Units") at a deemed price of $0.02 per Consideration Unit at the time of closing. Each Consideration Unit consists of one common share (each, a "Common Share") and one common share purchase warrant (each, a "Warrant"). Each whole Warrant is exercisable at $0.08 for a period of two years from the date of issuance. Subsequently, up to 5,000,000 additional Consideration Units may be granted upon the achievement of certain performance milestones. More specifically, these milestones include achieving an aggregate revenue of at least $715,000 and a profit of at least $100,000 within twelve months following the closing of this transaction.
For further details, please refer to the Company's news release(s) dated February 24, 2026, April 17, 2026 and August 4, 2026.
_______________________________________
|
|
