Ecolomondo Corp. announced a non-brokered private placement to issue 8,333,333 units at an issue price of CAD 0.18 per unit for the gross proceeds of CAD 1,499,999.94 on June 13, 2024. Each Unit will consist of one common share and one common share purchase warrant.

Each Warrant shall entitle the holder to purchase one common share at a price of CAD 0.24 at any time on or before that date which is 2 years after the closing date of the Offering. The Unit Shares and Warrant Shares are expected to be immediately freely tradeable under applicable Canadian securities legislation if sold to purchasers resident in Canada. The Offering is scheduled to close in one or more tranches with the final closing no later than July 28, 2024, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange.

At the closing of the Offering, the Company may pay to certain finders a cash commission up to 7.0% of the gross proceeds of the Offering resulting from purchasers introduced by such finders.