Sirona Biochem Corp. announced a non-brokered private placement of up to 10,000,000 units at an issue price of CAD 0.10 per unit for the gross proceeds of CAD 1,000,000 on January 26, 2024. Each Unit consists of one common share and one transferable share purchase warrant, each whole warrant exercisable into one additional common share of the Company for a period of 2 years from the date of issue at a price of CAD 0.15 per Share in year one and CAD 0.25 per Share in year two.

In connection with the Private Placement, the Company may pay finders' fees of up to 10% in cash and 10% in Finder Warrants. Each Finder Warrant will entitle the holder to purchase one Share of the Company at any time for two years from the closing date of the Private Placement at a price of CAD 0.15 per Share in year one and CAD 0.25 per Share in year two. The completion of the Private Placement is subject to customary conditions, including acceptance from the Toronto Stock Exchange Venture.

All securities issued will be subject to a hold period in accordance with TSXV and/or other regulatory requirements.