Nanalysis Scientific Corp. announced brokered best efforts private placement to issue 2,222,222 units at a price CAD 0.45 for a gross proceeds CAD 999,999.9 on March 6, 2024. Each Unit will consist of one common share of the Company and one half of one common share purchase warrant of the Company.

Each Warrant will be exercisable at CAD 0.65 for a period of 24 months following the closing date of the Offering. The transaction is expected to close on March 20, 2024, or such other date as may be agreed upon by the Company. The transaction is subject to the receipt of all necessary approvals, including the approval of the TSX Venture Exchange and regulatory approval.

The units, including all underlying securities thereof, will be subject to a 4-month hold period as set out in National Instrument 45-102 ? Resale of Securities. The transaction may include participation from certain insiders.