Calgary, Alberta / October 15, 2025 – TheNewswire - Credissential Inc. (“Credissential” or the “Company”) (CSE: WHIP), a vertically integrated AI software development company is pleased to announce a non-brokered private placement of convertible notes (each, a “Convertible Note”) for gross proceeds of up to $500,000 (the “Offering”).

 

Each Convertible Note will be governed pursuant to the terms of a subscription agreement (each, a “Subscription Agreement”). The Convertible Notes will be unsecured debt obligations of the Company. The Convertible Notes shall mature 12-months following any applicable closing date (the “Maturity Date”). The Convertible Notes shall be convertible, in whole or in part, into common shares in the capital of the Company (each, a “Common Share”) at the option of the holder at a conversion price of $0.05 per Common Share, or such lower amount as allowed pursuant to the policies of the Canadian Securities Exchange.

 

The securities issued under the Offering will be subject to applicable securities laws.

 

The net proceeds from the Offering are to be used for general corporate and working capital purposes. No finder’s fees are expected to be paid in connection with the Offering.

 

Restricted Share Units

 

Additionally, the Company has granted 7,000,000 Restricted Share Units (“RSUs”) to certain consultants of the Company pursuant to its Omnibus Equity Incentive Plan, adopted by the shareholders on
February 23, 2024. The RSUs are subject to the standard four (4) month and one (1) day hold period.

 

About Credissential

 

Credissential is an AI powered financial services software developer.

For more information about Credissential and other products from Credissential, visit www.credissential.com.

ON BEHALF OF THE BOARD OF DIRECTORS

 

Chief Executive Officer                Colin Frost

Head Office                         2004 Sherwood Drive Sherwood Park, AB T8A 0Z1

Telephone                         +1 (236) 513 4776

Email                                 info@credissential.com  

 

The CSE and Information Service Provider have not reviewed and does not accept responsibility for the accuracy or adequacy of this release.

 

Forward-Looking Information

 

Certain information in this news release may constitute "forward-looking information" within the meaning of applicable securities laws. Forward-looking information involves known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements of the Company to differ materially from any future results, performance, or achievements expressed or implied by such forward-looking information.

 

Forward-looking statements in this news release include, but are not limited to, statements regarding the completion of the Offering, the terms and conditions of the Convertible Notes, the intended use of proceeds, and the grant of Restricted Share Units. Forward-looking statements are based on management’s current expectations and are subject to a number of risks and uncertainties, including but not limited to, the Company’s ability to complete the Offering as anticipated, market conditions, regulatory approvals, and general business and economic conditions. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.

 

Except as required by law, we assume no obligation to update or revise forward-looking information to reflect new events or circumstances. Additional information is available in the Corporation’s Management Discussion and Analysis, which can be found on SEDAR+ at www.sedarplus.ca.