Reklaim Ltd. announced a non-brokered private placement of 1,500,000 units at a price of CAD 0.06 per unit for gross proceeds of approximately CAD 90,000 on May 8, 2023. Each unit consisted of one common share and one common share purchase warrant with each warrant exercisable to acquire one common share at CAD 0.10 for 36 months from the date of issuance. If the volume weighted average trading price of the common shares on the TSX Venture Exchange is more than CAD 0.15 for a period of 20 consecutive trading days, the company may accelerate the expiry date of the warrants to 30 days from the date on which the company provides written notice to the holders of the warrants.