Ocumetics Technology Corp. announced the closing of a non-brokered private placement of 1,493,574 units at a price of CAD 0.45 per unit for gross proceeds of CAD 672,108.15 on February 1, 2023. 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 paid finder's fees of CAD 4,185 in accordance with applicable securities laws and the policies of the TSX Venture Exchange. All securities issued in connection with the transaction will be subject to a statutory hold period expiring four months and one day.