GreenBank Capital Inc. announced a non-brokered private placement of up to 1,000,000 units at a price of CAD 1.20 per unit for gross proceeds of CAD 1,200,000 on March 23, 2023. Each Unit consists of 10 common shares of the company at CAD 0.12, five common share purchase warrants of the company at an exercise price of and one option to purchase a common share of Ubique Minerals Ltd from the company at a price of CAD 0.15. The period for exercise of both options is 22 months after closing.

The transaction may include participation from insiders. The closing of the transaction is subject to obtaining all required approvals, including from the CSE and any other regulatory approval. All or a portion of the transaction may be subject to finders’ fees or commissions of up to 8% cash and 8% broker warrants of the subscribed amount where applicable, with each broker warrant granting the holder the right to purchase 1 Unit at the exercise price of CAD 0.20 for the period of 22 months from the closing date.

All securities issued under this transaction will be subject to a restriction.