Principal Technologies Inc. announced a non-brokered private placement of 3,011,537 units at a price of CAD 0.10 cents per unit for gross proceeds of CAD 301,154 on July 6, 2023. Each unit consists of one common share and one common share purchase warrant. An insider of the company subscribed for a total of 100,000 units. Each warrant entitles the holder to purchase one additional share of the company at CAD 0.12 for a period of three years from the date of closing. No finder's fees have been paid in connection with the financing. All securities issued in connection with the financing are subject to TSXV approval and will be subject to a four month and one day statutory hold period expiring on November 6, 2023.

The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction included participation from 12 placees and 1 existing insider for 100,000 units.