Carrier Connect Data Solutions Inc. Announces Private Placement

Carrier Connect Data Solutions Inc. has announced a non-brokered private placement of up to 1,000,000 units at $0.50 per unit, potentially raising up to $500,000. Each unit includes a common share and a transferrable share purchase warrant, allowing the holder to buy an additional common share at $0.65 for two years.

The company can accelerate the warrant expiry if its common shares reach $0.85 or higher for 10 consecutive trading days, with warrants expiring 30 days after notice. Proceeds will fund working capital and general corporate needs. The offering, expected to close in June 2025, is subject to customary conditions and TSX Venture Exchange approval. Finder's fees may apply, and securities issued are subject to a four-month resale restriction.

Carrier Connect Data Solutions Inc. operates a Tier II/III data center in Vancouver, offering co-location and data center solutions to service providers, enterprises, and small businesses. The company's systems are independent and fully owned within its leased space. The company's primary market is the Vancouver Metropolitan Area.

The company also provided cautionary statements regarding forward-looking information contained within the press release.