SWMBRD Sports Inc. announced a non-brokered private placement of up to 12,000,000 units at issue price of CAD 0.05 per unit for gross proceeds of CAD 600,000 on October 28, 2022. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share at a price of CAD 0.06 per share for a period of 5 years from the closing of the transaction.

The transaction will include participation from existing shareholders of the company. All the securities shall have a hold period of four month from the closing.