Ocumetics Technology Corp. announced a non-brokered private placement of 5,000,000 units at a price of CAD 0.45 per unit for gross proceeds of CAD 2,250,000 on October 19, 2022. Each unit will consist of one common share and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share at an exercise price of CAD 0.90 for a period of two years from the date of issuance of the warrant. The company may pay finder's fees on all or a portion of the private placement to eligible persons seeking subscribers to the financing, all in accordance with applicable securities laws and the policies of the TSX Venture Exchange. The transaction will include participation from existing shareholders. Insiders may participate in the transaction. All securities issued in connection with the transaction will be subject to a statutory hold period expiring four months and one day after closing of the transaction.

The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction included participation from 51 placees, 1 existing insider for 100,000 units. The company has paid finder's fee of CAD 4,185 in the transaction.