SuperBuzz Inc. announced a non-brokered private placement of up to 16,666,667 units at a price of CAD 0.03 per unit for gross proceeds of up to CAD 500,000 on August 30, 2023. Each unit shall consist of one common share and one warrant. Each warrant shall entitle the holder to acquire one common share for a period of 24 months from the closing date of the transaction at an exercise price of CAD 0.05 per common share.

The closing of the transaction is subject to the company obtaining all necessary corporate and regulatory approvals, including approval of the TSX Venture Exchange. All securities issued in connection with the transaction will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation in Canada.