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EQS-News: oceansix future paths Ltd. / Key word(s): Capital Increase/Capital Increase
oceansix Future Paths Ltd. Announces Private Placement of Units for Gross Proceeds of up to CDN USD3 Million with
Material Insider Participation (news with additional features)
2024-06-11 / 10:00 CET/CEST
The issuer is solely responsible for the content of this announcement.
This News Release is Not for Dissemination in the United States or for Distribution to U.S. Wire Services.
oceansix Future Paths Ltd. Announces Private Placement of Units for Gross Proceeds of up to CDN USD3 Million with
Material Insider Participation
June 11, 2024, Toronto, Canada - oceansix Future Paths Ltd. ("oceansix" or the "Company") (TSXV: OSIX) is pleased to
announce the initiation of a non-brokered private placement of up to 33,333,333 Units at a price of CDN USD0.09 per Unit,
to raise aggregate gross proceeds of up to USD3,000,000 (the "Offering"). Each Unit will be comprised of one common share
(the "Shares") and one share purchase warrant (the "Warrants"). Each Warrant will entitle the holder to acquire one
additional common share (the "Warrant Shares") in the capital of the Company at an exercise price of CDN USD0.12 per
Warrant Share until December 31, 2024.
Material Insider Participation
RAM.ON GmbH, a control person of the Company has agreed to subscribe for, at a minimum, approximately 6,111,111 Units
in the Offering for an aggregate subscription price of approximately USD550,000. In addition, if any amount of the
Offering is unsubscribed following the participation of other investors, including those participating under the
Existing Securityholder Exemption (see below), RAM.ON GmbH has agreed to subscribe for the balance of the Offering.
Prospectus Exemptions and Existing Shareholder Participation
In addition to other prospectus exemptions commonly relied upon in private placements, including the accredited
investor exemption, the Offering will be made available to existing shareholders of the Company who, as of the close of
business on June 10, 2024 (the "Record Date"), held common shares of the Company (and who continue to hold such common
shares as of the closing date), pursuant to the prospectus exemption available under Ontario Securities Commission Rule
45-501 - Ontario Prospectus and Registration Exemptions and equivalent provisions of applicable securities laws in
other jurisdictions of Canada (the "Existing Security Holder Exemption"). Under the Existing Security Holder Exemption,
existing shareholders that do not qualify as accredited investors are limited to a maximum investment of CDN USD15,000 in
a 12-month period unless the shareholder has obtained advice regarding the suitability of the investment and, if the
shareholder is resident in a jurisdiction of Canada, that advice has been obtained from a person that is registered as
an investment dealer in the jurisdiction. If the Company receives subscriptions from investors relying on the Existing
Security Holder Exemption exceeding the maximum amount of the Offering, the Company intends to adjust the subscriptions
received on a pro- rata basis.
Use of Proceeds
The Company intends to use the net proceeds from the Offering for post-closing opportunities associated with the
Company's recent acquisition of the assets of RePack OY, for the repayment of debt, and for general working capital
purposes.
Instructions and Timeline for Existing Shareholders
If you are an existing shareholder of the Company as of the Record Date who is interested in participating in the
Offering, please contact Elad Hameiri for further information:
elad@oceansix.com | +34 673 435 571
Avinguda de l'Albufera, 7, 46460 Silla, Valencia, Spain
Participation under the Existing Shareholder Exemption will be open from the date of this news release until June 25,
2024, with all required documentation to be provided to the Company on or before such date. If you are a shareholder of
oceansix who held common shares on the Record Date and wish to participate in the Offering, please contact the Company
on or before such date.
Certain related parties of the Company, including RAM.ON GmbH, may participate in the Offering. Any participation of
related parties will constitute a "related party transaction" within the meaning of Multilateral Instrument 61-101 -
Protection of Minority Security Holders in Special Transactions ("MI 61- 101"). The Company intends to rely on
exemptions from the formal valuation and minority shareholder approval requirements provided under subsections 5.5(a)
and 5.7(a) of MI 61-101 on the basis that participation in the Offering by Insiders will not exceed 25% of the fair
market value of the Company's market capitalization, as well as certain other available exemptions. However, under
Israeli company law, any subscription by a related party will require shareholder approval, which, if required, would
most likely be sought at the Company's upcoming annual shareholders meeting, scheduled to take place on July 18, 2024
The Offering may close in one or more tranches as subscriptions are received. A first tranche closing of the Offering
is expected to occur on or about June 28, 2024. The issuance of the Units will be subject to the satisfaction of
certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals,
including approval by the Exchange. The Shares, Warrants, and any Warrant Shares issued upon exercise of the Warrants
will be subject to a hold period of four months and one day from the date of the issuance of the Units.
The Units, Shares, Warrants and Warrant Shares will not be registered under the United States Securities Act of 1933,
as amended (the "U.S. Securities Act") and may not be offered or sold within the United States or to or for the account
or benefit of U.S. persons, except in certain transactions exempt from the registration requirements of the U.S.
Securities Act. This press release does not constitute an offer to sell or the solicitation of an offer to buy
securities of the Company in the United States.
About oceansix
oceansix Future Paths Ltd. remains at the forefront of creating sustainable solutions that not only convert waste into
valuable products but also advocate the principles of a circular economy. Oceansix's unwavering commitment to
sustainability is intensified by its strategic alliance with RePack, magnifying its impact on global environmental
challenges.
Disclaimer
This press release might include forward-looking statements based on current expectations and projections about future
events. Generally, forward-looking statements and information may be identified by formulations using terms such as
"expects", "aims", "anticipates", "intends", "plans", "believes", "seeks", "estimates" or "will".These are subject to
risks, uncertainties, and changes in circumstances that may cause actual results to differ materially from those
expressed or implied by such statements. In this press release, forward looking statements include statements regarding
the participation in the Offering by RAM.ON GmbH, the use of proceeds from the Offering, the reliance on exemptions
from the formal valuation and minority shareholder requirements under MI 61-101, the closing of the Offering, and
obtaining Exchange approval for the Offering.
Approval & Accuracy
Neither TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture
Exchange) assumes responsibility for the adequacy or accuracy of this press release.

Best regards
Elad Hameiri, CEO oceansix future paths Ltd
Investor Relations
RB MilestoneGroup LLC (RBMG) oceansix@ rbmilestone.com
Additional features:
File: PR Capital Increase oceansix Future Paths Ltd. June 24
2024-06-11 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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1922243 2024-06-11 CET/CEST

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June 11, 2024 04:01 ET (08:01 GMT)