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Not for distribution to United States Newswire Services or for dissemination in the United States Toronto, Ontario--(Newsfile Corp. - July 23, 2025) - Baselode Energy Corp. (TSXV: FIND) (OTCQB: BSENF) ("Baselode" or the "Company") is pleased to announce that it has entered into an agreement with Red Cloud Securities Inc. (the "Agent") to act as sole agent and bookrunner in connection with a "best efforts" private placement (the "Offering") for the sale of up to 35,714,286 flow-through units of the Company to be sold to charitable purchasers (each, a "FT Unit") at a price of C$0.14 per FT Unit (the "Offering Price") for gross proceeds of up to C$5,000,000. Each FT Unit will consist of one common share of the Company to be issued as a "flow-through share" (each, a "FT Share") within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the "Income Tax Act") and one-half of one common share purchase warrant (each whole warrant, a "Warrant").
