Harrys Manufacturing Initiates $500,000 Non-Brokered Bridge Financing to Support Transition to Mining Sector with Winslow Gold Project

Harrys Manufacturing Advances Mining Focus Centered on Winslow Gold Project

The July 13, 2026 announcement confirms Harrys Manufacturing Inc.’s active pursuit of a business change to become an exploration and mining issuer on the Canadian Securities Exchange. This strategic shift was first disclosed on June 23, 2026, with the recent bridge financing representing the initial capital raise supporting this transition.

The Winslow Gold Project is central to the proposed transaction, intended as the company’s primary mineral asset. Although the announcement does not specify the project’s location or historical resource data, the allocation of funds toward a National Instrument 43-101 technical report preparation indicates an early stage in formalizing mineral disclosure under Canadian securities regulations.

Details of the Non-Brokered Private Placement

The offering is a non-brokered private placement, meaning no registered dealer or agent is involved. Harrys Manufacturing is offering up to 10,000,000 common shares at $0.05 each, potentially raising $500,000 in gross proceeds. The company may close the offering on one or multiple dates, allowing flexible capital receipt timing.

Shares issued will be subject to a statutory hold period of four months and one day from the closing date, in compliance with Canadian securities laws. These securities are not registered under the U.S. Securities Act of 1933 and cannot be sold in the U.S. or to U.S. persons without proper registration or exemptions. The announcement clarifies it does not constitute an offer or solicitation in any jurisdiction where prohibited.

Allocation of Bridge Financing Proceeds

The proceeds will fund geological services to prepare a NI 43-101 compliant technical report on the Winslow Gold Project, exploration expenditures, professional fees related to the change-of-business transaction including legal, accounting, and audit costs, and Canadian Securities Exchange filing fees. Specific dollar amounts per category were not disclosed.

The company does not expect any remaining funds after these expenses. However, any surplus would be added to general working capital, indicating the $500,000 cap is closely aligned with anticipated transition costs, leaving minimal financial buffer.

Significance of NI 43-101 Technical Report Preparation

Preparing a National Instrument 43-101 technical report is a crucial regulatory requirement for qualifying as a mining issuer on the CSE. This standard governs how Canadian public companies disclose scientific and technical mineral project information, including author qualifications, historical data review, and resource estimate bases.

By dedicating part of the financing to geological services for this report, Harrys Manufacturing signals its commitment to meeting disclosure standards ahead of or alongside seeking shareholder approval. The announcement does not identify the qualified person responsible for the report or provide a timeline beyond stating the Information Circular will be delivered "in due course."

Shareholder Approval and Information Circular

The company will seek shareholder approval for the change-of-business transaction. Detailed disclosure will be provided in an Information Circular, which will be prepared and distributed to shareholders in due course. No specific date for the shareholder vote has been announced.

Obtaining shareholder approval is a standard governance requirement under CSE policies when a company materially changes its principal business. The forthcoming Information Circular is expected to offer comprehensive details about the transaction, the Winslow Gold Project, and conditions necessary to complete the business change. Investors should review this document carefully once available on SEDAR+.

Impact of Bridge Financing on Existing Shareholders

The issuance of up to 10,000,000 new shares at $0.05 each could dilute existing HARY shareholders, depending on the final number of shares issued. The announcement does not disclose the current outstanding share count, so dilution percentage cannot be determined.

The fixed offering price of $0.05 per share does not reference any discount to market prices. Immediate share price effects were not evident at publication. Shareholders uncertain about the offering’s impact should consult company filings on SEDAR+ and seek professional financial advice.

Role of Bridge Financing in Overall Change-of-Business Strategy

This $500,000 private placement is explicitly described as "bridge financing," typically a short-term capital raise to fund near-term events such as completing the change-of-business transaction and associated regulatory and professional obligations. While common in corporate reorganizations or reverse takeovers, no subsequent financing is mentioned.

The non-brokered structure reduces transaction costs by avoiding agent commissions and indicates internal management of investor outreach. The announcement does not identify any participating investors or subscriber groups.

Regulatory Framework: CSE Listing Requirements for Mining Issuers

The Canadian Securities Exchange enforces specific listing criteria for exploration and mining issuers, including possession of a qualifying mineral property, disclosure via a NI 43-101 technical report, and maintaining sufficient working capital for at least twelve months of planned expenditures. This bridge financing appears targeted at meeting these initial requirements.

The CSE’s standard disclaimer notes the exchange neither approves nor disapproves the release contents and disclaims responsibility for disclosure accuracy, a routine statement not indicating regulatory concerns.

Forward-Looking Statements and Risk Factors

The announcement includes forward-looking statements regarding the offering’s completion and use of proceeds, cautioning that various known and unknown risks could cause actual outcomes to differ materially. No specific risks are detailed, but the company refers readers to its SEDAR+ filings for comprehensive risk disclosures.

Harrys Manufacturing disclaims any obligation to update forward-looking statements except as required by law. Material risks for this business change may include failure to complete the offering, inability to secure shareholder approval, delays in technical report preparation, and the early-stage nature of exploration projects. Investors should assess risks through regulatory filings rather than this announcement alone.

About Harrys Manufacturing Inc. and Its Previous Operations

Trading on the Canadian Securities Exchange as HARY and based in Vancouver, British Columbia, Harrys Manufacturing Inc. has not disclosed details about its legacy manufacturing operations, assets, or revenues in this announcement.

The proposed shift to mining and exploration represents a fundamental transformation of the company’s identity and regulatory classification. For more information, investors can visit www.harrysmfg.com and review the company’s regulatory filings on SEDAR+ at www.sedarplus.ca to understand its historical business context prior to this strategic change.