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VANCOUVER, BC, July 28, 2025 /CNW/ - Principal Technologies Inc. (the "Company" or "Principal") (TSXV: PTEC) (FWB: JO7) is pleased to announce that, further to its news release dated April 28, 2025, regarding the financing of its Licence of Technology Agreement (the "Licence") with Oxford University Innovation Limited, the Company announces it has arranged to complete the second round of financing ("Second Round") ahead of schedule. The Second Round was originally contemplated to occur in October 2025 and to consist of the issuance of 1,248,000 common shares of the Company ("Common Shares") at a price of $0.50 per Common Share to raise proceeds of $624,000 (the "Proceeds"). The Company is now targeting to complete the Second Round by issuing an aggregate of 2,080,000 Common Shares within the next week at a price of $0.30 per Common Share (the "Issuance Price") to raise the Proceeds. The Issuance Price represents a 13% premium to market.
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