Earthworks Industries Inc. announced a private placement of 2,500,000 units at a price of CAD 0.2 per unit for proceeds of CAD 500,000 on August 26, 2022. Each unit will consist of one common share and one warrant. Each warrant is exercisable to purchase an additional share for CAD 0.3 for two years.

The placement is subject to final acceptance by TSX Venture Exchange.