Predictmedix Inc. announced a private placement to issue 10,510,000 units at an issue price of CAD 0.10 per unit for the gross proceeds of CAD 1,051,000 on June 16, 2023. Each unit will consist of one common share and one common share purchase warrant, whereby each warrant entitles the holder to purchase one additional common share for a period of two years from closing at an exercise price of CAD 0.15 per share. The company expects to close the private placement next week.

All securities issued in connection with the private placement will be subject to a statutory hold period expiring four months and one day from the date of issuance of the securities.