Interfield Global Software Inc. announced a non-brokered private placement of up to 6,666,667 units at a price of CAD 0.30 per unit for aggregate gross proceeds of up to CAD 2,000,000 on July 24, 2023. Each unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder thereof to acquire one common share at an exercise price of CAD 0.40 for a period of one year from the closing date of the transaction.

The closing of the transaction is expected to occur on or about August 15, 2023 and is subject to receipt of all applicable regulatory approvals, including the approval of Neo Exchange Inc. The unit shares, warrants and warrant shares issuable upon exercise of the warrants will be subject to a statutory four month and one day hold period from the date of issue in accordance with applicable Canadian securities laws.