Genesis Acquisition Corp. Announces Private Placement

Kelowna, British Columbia — May 14, 2026 — Leads & Copy — Genesis Acquisition Corp. (TSXV: REBL.P) plans to conduct a non-brokered private placement to raise up to $300,000, pending TSX Venture Exchange approval.

The capital pool company intends to issue up to 1,500,000 subscription receipts at $0.20 each, according to a news release. The offering is related to the company’s previously announced proposed Qualifying Transaction with Nusa Nickel Corp. (NNC).

Upon meeting certain escrow release conditions, each subscription receipt will convert to one post-split unit of the company. Each unit includes one post-split common share and one common share purchase warrant. The warrant allows the holder to purchase an additional post-split common share at $0.35 for 24 months after the escrow release conditions are met.

Endeavor Trust Corporation will hold the gross proceeds from the offering in escrow. If the escrow release conditions aren't met or waived by 5:00 p.m. (Toronto time) within 90 days of the closing date (extendable by 30 days), or if the company or NNC announces it won't meet the conditions, the subscription receipts will be canceled. In that case, holders will receive their subscription amount back, plus their share of any interest earned on the escrowed funds, minus applicable taxes.

The company anticipates splitting its common shares at a rate of 1.64384 post-split shares for every pre-split share in connection with the proposed transaction. The underlying units will be issued on a post-split basis.

The offering's closing is subject to standard conditions, including TSXV approval. Securities issued under the offering will have a four-month and one-day statutory hold period.

The company expects the resulting issuer to use the proceeds to fund mining and trading operations, marketing, investor relations, working capital, and general corporate purposes.

Genesis Acquisition Corp. is a capital pool company focused on identifying and acquiring interests in assets or businesses, subject to TSXV approval.

Charles Blair Wilson, CEO and Director, provided contact information.

Source: Genesis Acquisition Corp.