Yorkton Equity Group Inc. announced a non-brokered private placement of 2,200 unsecured convertible debentures at a price of CAD 1,000 per debenture for the gross proceeds of CAD 2,200,000 on October 12, 2023. Debentures will have a coupon rate of 8% per annum and will be convertible into common share of the company at a conversion price of CAD 0.20 per share and will have a maturity date that is five years from the date of issuance. The convertible debentures and any common shares issuable upon conversion will be subject to a statutory hold period lasting four months and one day following the closing date.

The transaction is subject to TSX Venture Exchange and other regulatory approvals.