Pool Safe Inc. announced a non-brokered private placement of up to 1,000 unsecured and non-convertible debenture units at a price of CAD 1,000 per debenture for proceeds of CAD 1,000,000 on April 17, 2023. Each debenture unit consists of one CAD 1,000 face value debenture and 28,500 common share bonus warrants. The debentures shall mature 36 months from the date of the issuance and shall bear interest at a rate of 8% per annum.

Each financing Warrant entitles the holder to acquire one common share at an exercise price of CAD 0.05 for a period of 36 months from the closing date of the offering. All securities issued pursuant to the offering are subject to a statutory hold period of four months plus one day from the date of issuance. In connection with the offering, the company may pay finders fees of eight percent, as permitted by the policies of TSX Venture Exchange.

The offering is subject to receipt of all required regulatory approvals including the approval of the exchange.