Bnsellit Technology Inc. announced a non-brokered private placement of up to 20,000,000 units at a price of CAD 0.25 per unit for gross proceeds of up to CAD 5,000,000 on December 15, 2022. Each Unit will consist of one class A common share and one half of one warrant. Each full warrant is exercisable at a price of CAD 0.35 into a share for a period of 18 months.

A finder's fee might be paid in the transaction, subject to the policies of the CSE. The securities issued in connection with the transaction are subject to the applicable statutory four months and one day hold period. The closing of the transaction is subject to receipt of applicable regulatory approvals, including the approval of the CSE.