{"success":true,"data":{"pressRelease":{"id":"3549","rtpr_id":"nNFCb5Qjqw","ticker":"PLUR","exchange":"","all_tickers":["PLUR"],"title":"Plurilock Announces $2.5 Million Non-Brokered Private Placement","author":"Newsfile Corp","published_at":"2026-04-21T20:05:14.336Z","article_body":"Vancouver, British Columbia--(Newsfile Corp. - April 21, 2026) - Plurilock\nSecurity Inc. (TSXV: PLUR) (OTCQB: PLCKF) (\"Plurilock\" or the \"Company\"), a\nglobal cybersecurity systems integrator, is pleased to announce a non-brokered\nprivate placement of up to 25,000,000 special warrants (the \"Special\nWarrants\") at a price of $0.10 per Special Warrant to raise aggregate gross\nproceeds of up to $2,500,000 (the \"Offering\").\n\nEach Special Warrant will automatically convert, for no additional\nconsideration, into one common share of the Company (each a \"Share\") on the\ndate that is the earlier of: (i) the date that is three business days\nfollowing the date on which the Company files a prospectus supplement to a\nshort form base shelf prospectus with the securities commissions qualifying\ndistribution of the Shares issuable upon the conversion of the Special\nWarrants (the \"Prospectus Supplement\"), and (ii) the date that is four months\nand one day after the closing of the Offering.\n\nThe Company will use its commercially reasonable efforts to file the\nProspectus Supplement within 60 days of the closing of the Offering (not\nincluding the date of closing), provided, however, that there is no assurance\nthat a Prospectus Supplement will be filed with the securities commissions,\nprior to the expiry of the statutory four month hold period.\n\nThe Company may pay finder's fees of 8.0% in cash and issue such number of\nfinder's warrants (the \"Finder's Warrants\") as is equal to 8.0% of the number\nof Special Warrants sold under the Offering. Each Finder's Warrant will be\nexercisable for one Share of the Company at the price of $0.10 for a period of\n18 months.\n\nThe Company intends to use the net proceeds from the Offering to advance its\nCritical Services capabilities in defense and commercial markets, to continue\ndevelopment of the Company's AI-native cyber resilience platform, and for\ngeneral working capital.\n\nThe Offering is subject to customary closing conditions, including approval by\nthe TSX Venture Exchange (the \"TSXV\").\n\nThe Special Warrants are expected to be issued pursuant to exemptions from the\nprospectus requirements under Canadian securities laws, such as the accredited\ninvestor, $150,000 minimum investment, or other relevant exemptions under\nNational Instrument 45-106 - Prospectus Exemptions. Prior to the filing of the\nProspectus Supplement and the automatic conversion of the Special Warrants,\nthe securities issued under the Offering will be subject to a four month hold\nperiod from the date of closing of the Offering in addition to any other\nrestrictions under applicable law.\n\nIt is anticipated that insiders of the Company may participate in the\nOffering, and such Special Warrants issued to insiders may be subject to a\nfour month hold period pursuant to applicable policies of the TSXV. The\nissuance of Special Warrants to insiders will be considered a \"related party\ntransaction\" within the meaning of Multilateral Instrument 61-101 - Protection\nof Minority Security Holders in Special Transactions (\"MI 61-101\"). The\nCompany is relying on exemptions from the formal valuation requirements of MI\n61-101 pursuant to section 5.5(a) and the minority shareholder approval\nrequirements of MI 61-101 pursuant to section 5.7(1)(a) in respect of such\ninsider participation as the fair market value of the transaction, insofar as\nit involves interested parties, does not exceed 25% of the Company's market\ncapitalization.\n\nAbout Plurilock\n\nPlurilock is a services-led, product-enabled, AI-native cybersecurity company\nthat solves complex cyber problems in high-stakes environments where failure\nisn't an option. Trusted by Five-Eyes governments, NATO-aligned agencies, and\nGlobal 2000 enterprises, we defend critical infrastructure and safeguard the\nsystems that power modern life. Our Critical Services division delivers\noperational resilience through unmatched expertise, proprietary IP, and\nAI-driven playbooks.\n\nFor more information, visit https://www.plurilock.com or contact:\n\nIan L. Paterson\nChief Executive Officer\nian@plurilock.com\n416.800.1566\n\nAli Hakimzadeh\nExecutive Chairman\nali@sequoiapartners.ca\n604.306.5720\n\nNeither the TSX Venture Exchange nor its Regulation Service Provider (as that\nterm is defined in the TSX Venture Exchange policies) accepts responsibility\nfor the adequacy or accuracy of this release.\n\nForward-Looking Statements\n\nThis press release may contain certain forward-looking statements and\nforward-looking information (collectively, \"forward-looking statements\")\nrelated to future events or Plurilock's future business, operations, and\nfinancial performance and condition. Forward-looking statements normally\ncontain words like \"will\", \"intend\", \"anticipate\", \"could\", \"should\", \"may\",\n\"might\", \"expect\", \"estimate\", \"forecast\", \"plan\", \"potential\", \"project\",\n\"assume\", \"contemplate\", \"believe\", \"shall\", \"scheduled\", and similar terms.\nForward-looking statements are not guarantees of future performance, actions,\nor developments and are based on expectations, assumptions, and other factors\nthat management currently believes are relevant, reasonable, and appropriate\nin the circumstances. Although management believes that the forward-looking\nstatements herein are reasonable, actual results could be substantially\ndifferent due to the risks and uncertainties associated with and inherent to\nPlurilock's business. Additional material risks and uncertainties applicable\nto the forward-looking statements herein include, without limitation, the\nimpact of general economic conditions, and unforeseen events and developments.\nThis list is not exhaustive of the factors that may affect the Company's\nforward-looking statements. Many of these factors are beyond the control of\nPlurilock. All forward-looking statements included in this press release are\nexpressly qualified in their entirety by these cautionary statements. The\nforward-looking statements contained in this press release are made as at the\ndate hereof, and Plurilock undertakes no obligation to update publicly or to\nrevise any of the included forward-looking statements, whether as a result of\nnew information, future events, or otherwise, except as may be required by\napplicable securities laws. Risks and uncertainties about the Company's\nbusiness are more fully discussed under the heading \"Risk Factors\" in its most\nrecent Annual Information Form. They are otherwise disclosed in its filings\nwith securities regulatory authorities available on SEDAR+ at\nwww.sedarplus.ca.\n\nThe securities to be issued pursuant to the Offering have not been, and will\nnot be, registered under the U.S. Securities Act of 1933, as amended (the\n\"U.S. Securities Act\") or any U.S. state securities laws, and may not be\noffered or sold in the United States or to, or for the account or benefit of,\nUnited States persons absent registration or any applicable exemption from the\nregistration requirements of the U.S. Securities Act and applicable U.S. state\nsecurities laws. This news release will not constitute an offer to sell or the\nsolicitation of an offer to buy securities in the United States, nor will\nthere be any sale of these securities in any jurisdiction in which such offer,\nsolicitation or sale would be unlawful.\n\nNOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE\nUNITED STATES\n\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/293672","article_body_html":"","raw_payload":{"data":{"id":"nNFCb5Qjqw","title":"Plurilock Announces $2.5 Million Non-Brokered Private Placement","author":"Newsfile Corp","ticker":"PLUR","created":"2026-04-21T20:05:14.336Z","tickers":["PLUR"],"exchange":"","article_body":"Vancouver, British Columbia--(Newsfile Corp. - April 21, 2026) - Plurilock\nSecurity Inc. (TSXV: PLUR) (OTCQB: PLCKF) (\"Plurilock\" or the \"Company\"), a\nglobal cybersecurity systems integrator, is pleased to announce a non-brokered\nprivate placement of up to 25,000,000 special warrants (the \"Special\nWarrants\") at a price of $0.10 per Special Warrant to raise aggregate gross\nproceeds of up to $2,500,000 (the \"Offering\").\n\nEach Special Warrant will automatically convert, for no additional\nconsideration, into one common share of the Company (each a \"Share\") on the\ndate that is the earlier of: (i) the date that is three business days\nfollowing the date on which the Company files a prospectus supplement to a\nshort form base shelf prospectus with the securities commissions qualifying\ndistribution of the Shares issuable upon the conversion of the Special\nWarrants (the \"Prospectus Supplement\"), and (ii) the date that is four months\nand one day after the closing of the Offering.\n\nThe Company will use its commercially reasonable efforts to file the\nProspectus Supplement within 60 days of the closing of the Offering (not\nincluding the date of closing), provided, however, that there is no assurance\nthat a Prospectus Supplement will be filed with the securities commissions,\nprior to the expiry of the statutory four month hold period.\n\nThe Company may pay finder's fees of 8.0% in cash and issue such number of\nfinder's warrants (the \"Finder's Warrants\") as is equal to 8.0% of the number\nof Special Warrants sold under the Offering. Each Finder's Warrant will be\nexercisable for one Share of the Company at the price of $0.10 for a period of\n18 months.\n\nThe Company intends to use the net proceeds from the Offering to advance its\nCritical Services capabilities in defense and commercial markets, to continue\ndevelopment of the Company's AI-native cyber resilience platform, and for\ngeneral working capital.\n\nThe Offering is subject to customary closing conditions, including approval by\nthe TSX Venture Exchange (the \"TSXV\").\n\nThe Special Warrants are expected to be issued pursuant to exemptions from the\nprospectus requirements under Canadian securities laws, such as the accredited\ninvestor, $150,000 minimum investment, or other relevant exemptions under\nNational Instrument 45-106 - Prospectus Exemptions. Prior to the filing of the\nProspectus Supplement and the automatic conversion of the Special Warrants,\nthe securities issued under the Offering will be subject to a four month hold\nperiod from the date of closing of the Offering in addition to any other\nrestrictions under applicable law.\n\nIt is anticipated that insiders of the Company may participate in the\nOffering, and such Special Warrants issued to insiders may be subject to a\nfour month hold period pursuant to applicable policies of the TSXV. The\nissuance of Special Warrants to insiders will be considered a \"related party\ntransaction\" within the meaning of Multilateral Instrument 61-101 - Protection\nof Minority Security Holders in Special Transactions (\"MI 61-101\"). The\nCompany is relying on exemptions from the formal valuation requirements of MI\n61-101 pursuant to section 5.5(a) and the minority shareholder approval\nrequirements of MI 61-101 pursuant to section 5.7(1)(a) in respect of such\ninsider participation as the fair market value of the transaction, insofar as\nit involves interested parties, does not exceed 25% of the Company's market\ncapitalization.\n\nAbout Plurilock\n\nPlurilock is a services-led, product-enabled, AI-native cybersecurity company\nthat solves complex cyber problems in high-stakes environments where failure\nisn't an option. Trusted by Five-Eyes governments, NATO-aligned agencies, and\nGlobal 2000 enterprises, we defend critical infrastructure and safeguard the\nsystems that power modern life. Our Critical Services division delivers\noperational resilience through unmatched expertise, proprietary IP, and\nAI-driven playbooks.\n\nFor more information, visit https://www.plurilock.com or contact:\n\nIan L. Paterson\nChief Executive Officer\nian@plurilock.com\n416.800.1566\n\nAli Hakimzadeh\nExecutive Chairman\nali@sequoiapartners.ca\n604.306.5720\n\nNeither the TSX Venture Exchange nor its Regulation Service Provider (as that\nterm is defined in the TSX Venture Exchange policies) accepts responsibility\nfor the adequacy or accuracy of this release.\n\nForward-Looking Statements\n\nThis press release may contain certain forward-looking statements and\nforward-looking information (collectively, \"forward-looking statements\")\nrelated to future events or Plurilock's future business, operations, and\nfinancial performance and condition. Forward-looking statements normally\ncontain words like \"will\", \"intend\", \"anticipate\", \"could\", \"should\", \"may\",\n\"might\", \"expect\", \"estimate\", \"forecast\", \"plan\", \"potential\", \"project\",\n\"assume\", \"contemplate\", \"believe\", \"shall\", \"scheduled\", and similar terms.\nForward-looking statements are not guarantees of future performance, actions,\nor developments and are based on expectations, assumptions, and other factors\nthat management currently believes are relevant, reasonable, and appropriate\nin the circumstances. Although management believes that the forward-looking\nstatements herein are reasonable, actual results could be substantially\ndifferent due to the risks and uncertainties associated with and inherent to\nPlurilock's business. Additional material risks and uncertainties applicable\nto the forward-looking statements herein include, without limitation, the\nimpact of general economic conditions, and unforeseen events and developments.\nThis list is not exhaustive of the factors that may affect the Company's\nforward-looking statements. Many of these factors are beyond the control of\nPlurilock. All forward-looking statements included in this press release are\nexpressly qualified in their entirety by these cautionary statements. The\nforward-looking statements contained in this press release are made as at the\ndate hereof, and Plurilock undertakes no obligation to update publicly or to\nrevise any of the included forward-looking statements, whether as a result of\nnew information, future events, or otherwise, except as may be required by\napplicable securities laws. Risks and uncertainties about the Company's\nbusiness are more fully discussed under the heading \"Risk Factors\" in its most\nrecent Annual Information Form. They are otherwise disclosed in its filings\nwith securities regulatory authorities available on SEDAR+ at\nwww.sedarplus.ca.\n\nThe securities to be issued pursuant to the Offering have not been, and will\nnot be, registered under the U.S. Securities Act of 1933, as amended (the\n\"U.S. Securities Act\") or any U.S. state securities laws, and may not be\noffered or sold in the United States or to, or for the account or benefit of,\nUnited States persons absent registration or any applicable exemption from the\nregistration requirements of the U.S. Securities Act and applicable U.S. state\nsecurities laws. This news release will not constitute an offer to sell or the\nsolicitation of an offer to buy securities in the United States, nor will\nthere be any sale of these securities in any jurisdiction in which such offer,\nsolicitation or sale would be unlawful.\n\nNOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE\nUNITED STATES\n\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/293672"},"type":"article","timestamp":"2026-04-21T20:05:14.405199209Z","server_sent_at_ms":1776801914405},"received_at":"2026-04-21T20:05:14.460Z","source_url":"https://www.newsfilecorp.com/release/293672"},"analysis":null,"durationMs":null,"modelName":null}}