On February 8, 2024, QYOU Media Inc. closed the transaction. The Company issued 10,999,571 Units at a price of CAD 0.07 per Unit for aggregate gross proceeds of approximately CAD 769,969.97 in final tranche. The company has issued a total size of the Offering to 26,299,571 Units for aggregate gross proceeds of approximately CAD 1,840,969.97. Each Unit is composed of one common share and one common share purchase warrant. Each Warrant entitles the holder thereof to acquire one additional Share at a price of CAD 0.10 per Warrant Share for a period of twenty-four subject to an accelerated expiry date at the option of the Company. In connection with the final tranche of the Offering, the Company paid an aggregate of approximately CAD 46,898 and issued finder?s warrants to acquire up to an aggregate of 669,970 Units on the same terms as the Units issued in the Offering as finder?s fees to certain persons who assisted the Company with the final tranche of the Offering. Each Finder?s Warrant entitles the holder to acquire one Unit, comprised of one Share and one Warrant, at a price of CAD 0.07 per Unit for a period of twenty-four months. The Warrants issuable upon exercise of the Finder?s Warrants entitle the holder thereof to acquire one Share at a price of CAD 0.10 per Warrant Share for a period of twenty-four months. The Finder?s Warrants, and the Shares and Warrants underlying the Units which are issuable upon exercise of the Finder?s Warrants, are subject to a statutory four-month hold period pursuant to applicable Canadian securities laws. The Offering is subject to the final approval of the TSXV.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 28 placees and 2 pro groups for 4,500,000 units. The company has paid total finder's fee of CAD 125,297.90 in cash and issued 1,789,970 finder's warrants in the transaction.