BEACN Completes First Tranche of Private Placement

BEACN Wizardry & Magic Inc. announced the closing of the first tranche of its non-brokered private placement, raising C$350,000. The transaction involved issuing 3,043,478 common shares at C$0.115 per share. The funds will support several strategic initiatives, including boosting B2B and B2C sales efforts, strategic inventory purchases, new product R&D, and general working capital.

The securities from this offering are not registered for sale in the United States. The transaction awaits final approval from the TSX Venture Exchange and involves no finders' fees. Issued securities will be under a hold period in Canada for four months and one day. Forward-looking statements in the release underscore inherent risks, with no assurance of future outcomes.