ChitogenX Inc. announced a non-brokered private placement of 12,500,000 units at a price of CAD 0.20 for the gross proceeds of CAD 2.5 million on April 4, 2023. Each unit will consist of one class A shares and one share purchase warrant. Each Warrant will entitle the holder to purchase one share of the company at a price of CAD 0.35 per warrant share at any time on or before the date which is 60 months after the closing date of the transaction.