Advance United Holdings Inc. announced a non-brokered private placement of up to 1,000,000 flow-through units at a price of CAD 0.10 per FT unit for gross proceeds of up to CAD 100,000 on April 12, 2023. Each FT unit shall be comprised of one common share and one-half of one whole common share purchase warrant. Each FT warrant shall entitle the holder thereof to acquire one common share in the capital of the company at a price of CAD 0.15 per common share for a period of sixty months from date of issuance.

All securities issued pursuant to the transaction will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation. The closing of the transaction is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the Canadian Securities Exchange.