PesoRama Inc. announced a non-brokered private placement of units for gross proceeds of up to CAD 2 million on December 8, 2022. The unit issue price will be determined in the market. Each unit will be comprised of one common share and one whole common share purchase warrant.

Each warrant will entitle the holder thereof to acquire one common share. Closing of the offering is subject to receipt of all necessary corporate and regulatory approvals, including the approval of TSX Venture Exchange. All securities issued in connection with the offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation.