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VANCOUVER, British Columbia – TheNewswire - June 13, 2025 — Integrated Cyber Solutions Inc. (CSE: ICS) (FSE: Y4G) (OTCQB: IGCRF) (“Integrated Cyber” or the “Company”) is pleased to announce that, further to its press release of May 23, 2025 (the "Prior Press Release"), it has completed its previously announced offering of the sale of securities, on a private placement basis, for gross proceeds of CDN$500,000 (the "Offering"). The Company sold a total of 500 convertible debenture units of the Company (the "CD Units") at a price of CDN$1,000 per CD Unit, for aggregate gross proceeds of CDN$500,000. Each CD Unit is comprised of: (i) one (1) CDN$1,000 principal amount unsecured convertible debenture (each, a "Convertible Debenture"); and (ii) 2,000 common share purchase warrants (each, a "CD Warrant"). The Convertible Debentures sold pursuant to the Offering will mature on the two (2) year anniversary of the date of issuance thereof unless extended by one (1) additional year at the sole discretion of the Company (the "Maturity Date") and, subject to prior conversion or prepayment in accordance with their terms, will be repaid in cash at the Maturity Date. Each CD Warrant sold pursuant to the Offering is exercisable to acquire one common share in the capital of the Company (each, a “Warrant Share”) at an exercise price of CDN$0.25 per Warrant Share for a period of three (3) years from the date of issuance thereof. From the date of issuance until their Maturity Date, Convertible Debenture holders may elect to convert, in whole or in part, the face value of the Convertible Debentures into common shares in the capital of the Company (“Common Shares”) at a conversion price (the “Conversion Price”) equal CDN$0.25. At any time prior to the Maturity Date, if the 15-day volume weighted average price of the Common Shares on the Canadian Securities Exchange (or such other Canadian stock exchange on which the greatest volume of Common Shares is traded) meets or exceeds CDN$0.75, the Company shall have the option, but not the obligation, at any time thereafter to convert any non-converted and remaining face value of the Convertible Debentures into Common Shares at the Conversion Price.
