EcoCAM Canada Inc. announced a placement of 120,000,000 common shares at an issue price of CAD 1 per share for gross proceeds of CAD 120,000,000 on December 26, 2023. The transaction will include participation from returning investor, Ecopro BM. Co., Ltd. The transaction has been approved by board of directors of the company.

The transaction is expected to close on March 29, 2024.