The Caldwell Partners International Inc. announced a non-brokered private placement to issue 3,678,239 common shares at an issue price of CAD 0.80 per share for the gross proceeds of CAD 2,942,591.20 on August 14, 2023. The transaction included participation from certain insiders for CAD 982,000. All securities issued pursuant to the Offering are subject to a four-month hold period from the closing date in accordance with applicable Canadian securities laws.

The Company paid a cash finder's fee of CAD 33,600, to a registered finder, which was equal to 7% of the gross proceeds raised by purchasers introduced by such registered finder.