Visionstate Corp. announced a private placement of up to 17,500,000 units at a price of CAD 0.02 per unit for gross proceeds of up to CAD 350,000 on September 12, 2022. Each unit is comprised of one common share and one common share purchase warrant whereby each warrant entitles the holder to purchase one additional common share at a price of CAD 0.05 per common share for a period of two years following the date of closing.

The transaction is subject to regulatory approval.