Three Sixty Solar Ltd. announced a private placement of 3,333,334 units at a price of CAD 0.15 per unit for the gross proceeds of CAD 500,000.1 on April 30, 2024. Each unit consists of one common share in the capital of the company and one-half of one share purchase warrant. Each warrant entitles the holder thereof to purchase one additional share at a price of CAD 0.50 per warrant share for a period of 24 months from the date of issuance. All securities issued in connection with the first tranche of the private placement are subject to a statutory hold period in accordance with applicable securities legislation. The private placement remains subject to final approval of the Cboe Canada Inc. stock exchange.

On the same date, the company has issued units at a price of CAD 0.15 per unit in its first tranche closing.