PATHFINDER VENTURES INC - RVRVF STOCK NEWS

Pathfinder Ventures (TSXV:RV) has extended the closing date for the second tranche of its non-brokered private placement and upsized the total offering to 20,000,000 units at $0.10 per unit for gross proceeds of up to $2,000,000. The company has already issued 7,000,000 units ($700,000) on September 13, 2024, and intends to extend the offering for the remaining 13,000,000 units for up to 30 days.

Each unit comprises one post-consolidation common share and one-half of a non-transferable purchase warrant. A whole warrant allows the holder to purchase a common share at $0.20 for 36 months, subject to accelerated expiry. The net proceeds will fund upgrades and expansion at RV resorts, advance acquisition opportunities, and provide working capital. The private placement completion is subject to TSX Venture Exchange approval.

Pathfinder Ventures Inc. (TSXV:RV) has announced changes to its Board of Directors. Keith Watts, a licensed Realtor with RE/MAX Kelowna, has been appointed to the Board, subject to TSX Venture Exchange approval. Watts brings over 26 years of real estate expertise in the Okanagan region, specializing in commercial and residential property development. His portfolio includes notable projects with combined sales exceeding $90 million.

Simultaneously, the company has accepted the resignation of Mark Accardi from the Board. CEO Joe Bleackley expressed confidence in Watts' ability to shape the company's growth and future success, citing his extensive experience in navigating zoning regulations and driving investment growth. The Board thanked Accardi for his valuable contributions to Pathfinder Ventures.

Pathfinder Ventures is developing a network of upscale, family-friendly RV parks and campgrounds under the "Pathfinder Camp Resorts" name, currently operating three camp resorts in B.C.

Pathfinder Ventures (TSXV:RV) has successfully closed the first tranche of its non-brokered private placement, raising $700,000 by issuing 7,000,000 units at $0.10 per unit. Each unit comprises one common share and half a warrant, exercisable at $0.20 until September 13, 2027. The company plans to extend the offering for an additional 3,000,000 units over the next 45 days.

The proceeds will be used to fund upgrades and expansion of RV resorts, pursue acquisition opportunities, and for working capital. In connection with the closing, Pathfinder paid $29,400 and issued 294,000 warrants as finder fees. Company directors purchased 200,000 units, representing 2.86% of the total units sold.

Pathfinder Ventures Inc. (TSXV: RV) has announced a 4:1 share consolidation effective August 1, 2024. The company's outstanding shares will reduce from 93,681,976 to approximately 23,420,494. This consolidation aims to provide increased flexibility for financings and potential business transactions. The company's name and trading symbol will remain unchanged, with post-consolidation trading commencing on August 2, 2024. Registered shareholders will receive instructions for exchanging share certificates, while uncertificated shares will be adjusted electronically. Additionally, Pathfinder has received conditional approval for a non-brokered private placement of up to 10,000,000 post-consolidation units at $0.10 per unit, subject to final Exchange approval.

Pathfinder Ventures Inc. (TSXV:RV) has launched Pathfinder Lifestyle Communities, a new division focused on acquiring and developing manufactured home communities (MHCs) to address housing shortages and affordability issues. The company aims to create well-planned communities offering high-quality, affordable homes with resort-like amenities. Pathfinder currently owns a 10-unit MHC in Parksville, which has maintained 100% occupancy since 2020.

Key highlights of Pathfinder Lifestyle Communities include:

• Affordable housing solutions using manufactured housing construction
• Land-lease community model
• Stable and attractive asset class
• Sustainable development practices
• Community-oriented living with shared amenities

This initiative represents a strategic growth opportunity for Pathfinder Ventures, leveraging its expertise in RV resorts and MHCs to address the growing demand for affordable housing options.

Pathfinder Ventures announced a non-brokered private placement to raise up to $1 million by issuing 10 million units at $0.10 per unit. Each unit includes one common share and half a non-transferable warrant, with each whole warrant allowing the purchase of an additional share at $0.20 within 36 months. Concurrently, Pathfinder will consolidate its shares on a 4-to-1 basis, reducing the total outstanding shares from 93.7 million to approximately 23.4 million. The consolidation aims to enhance financial flexibility for future financings and transactions. The funds from the private placement will support working capital, RV resort development, expansion, and acquisition opportunities. Both initiatives are pending TSX Venture Exchange approval.

Pathfinder Ventures announced the successful extension of the maturity dates for its Series 2021-07.CD10-A and 2021-07.CD10-B unsecured convertible debentures to March 1, 2026.

The debentures, totaling $2,395,000 in principal, will maintain an interest rate of 10% per annum with a 2% annual renewal fee and can be repaid anytime without penalties.

These debentures will no longer convert into common shares and will be reclassified as regular debt in the company's financial records.

Pathfinder Ventures has signed a Letter of Intent (LOI) to acquire an RV resort in Alberta for $10 million. The property spans over 48 acres and includes 187 year-round and 28 seasonal RV sites, with the potential for an additional 166 sites, totaling 400. The resort is expected to generate over $1 million in net operating income (NOI) annually. Pathfinder plans to finance the acquisition through $1 million in cash, a $6.5 million mortgage, and a $2.5 million Vendor Take Back (VTB) arrangement. The transaction is set to finalize in October 2024, pending due diligence and regulatory approvals.

Pathfinder Ventures announced full occupancy across all three Pathfinder Camp Resorts—Parksville, Fort Camping, and Agassiz - Harrison—during the Canadian May long weekend. This significant milestone highlights Pathfinder's growing popularity in the RV space, recognized as a top choice by Campspot. Additionally, Pathfinder proposed an extension to convertible debt holders, maintaining a 10% interest rate until March 2026, with renewal fees of 2% and 3% payable in cash for subsequent periods. CEO Joe Bleackley expressed gratitude towards debenture holders for their support and confidence in the company’s growth plans.