Altrova Health Raises CA$669,840 Via Non-Brokered Private Placement

12:10 PM EDT, 10/13/2026 (MT Newswires) -- Altrova Health (ROVA.CN) raised gross proceeds of CA$669,840 as it closed its non-brokered private placement, it said Tuesday. The company issued around 13.4 million units at a price of CA$0.05 each, it said. Each unit was made up of a share and a three-year warrant to buy an additional share at an exercise price of CA$0.06 per share, said the company. The company expects to use the net proceeds to implement and commercialize its exclusive US distribution agreement with Reliability Funding LLC, and for general corporate and working capital purposes, it added. "With this financing closed, we can move on executing our exclusive U.S. distribution agreement with Reliability," said Altrova Health Chief Executive Officer Geoff Benic. "The proceeds will put inventory, onboarding and sales support in place so we can start working toward commercial traction in the U.S. market." Shares of the company were last seen down CA$0.005, or 10%, at CA$0.045 on the Canadian Securities Exchange. Price: 0.05, Change: -0.01, Percent Change: -10.00