Sebastiani Ventures Corp. announced a non-brokered private placement of 3,333,333 units at CAD 0.075 per unit for gross proceeds of CAD 250,000 on May 19, 2022. The transaction is subject to approval of the TSX Venture Exchange.

Each Unit will consist of one common share and one common share purchase warrant. Each common share purchase warrant will entitle the holder to purchase one common share of the Company at a price of $0.10 for a period of one year from the date of issuance. The securities being issued pursuant to the Financing will be subject to a hold period expiring four months and one day from the date of issuance in accordance with applicable Canadian securities law.