Dr. Phone Fix closes first tranche of C$882K convertible debenture financing
What's the deal? Dr. Phone FixDealroom has a profile for this one. Try Dealroom → Canada Corporation has closed the first tranche of a non-brokered private placement, raising C$882,000 (about US$619,593) in gross proceeds.
The Edmonton-based repair chain, listed on the TSX Venture Exchange under DPF, issued 882 convertible debenture units priced at C$1,000 each. Each unit pairs a C$1,000 unsecured convertible debenture with 3,125 common share purchase warrants.
Why now? The closing follows a May 19, 2026 announcement of the offering, marking the first batch of capital to come through the door. Founded in 2019, Dr. Phone Fix now runs 44 retail locations across Canada, repairing phones and electronics and selling certified pre-owned devices.
What could go wrong? The offering still needs final acceptance from the TSXV. All securities are locked up for four months and one day under a statutory hold period. The company also paid a finder's fee of C$59,990 in cash plus 374,937 warrants, each exercisable at C$0.22 for 24 months — a cost layered on top of the raise.
The signal: Tapping convertible debentures rather than fresh equity is a telling move for an early-stage company, letting Dr. Phone Fix fund expansion without locking in a valuation while it scales its 44-location national network of certified pre-owned and repair stores.
Read more: Newswire
