VSBLTY Groupe Technologies Corp. announced a non-brokered private placement of convertible unsecured debentures for gross proceeds of up to CAD 2,400,000 on March 27, 2024. The debentures will bear interest from the date of issuance at a rate of 18% per annum on an accrual basis, calculated and payable semi-annually, and will mature on the date that is 24 months after the date of issuance.

The principal amount of the debentures, together with any interest accrued but unpaid, may be converted, in whole or in part, at any time before the maturity date, into units of the company, at the election of the debenture holder at CAD 0.165 per unit. Each unit will consist of one common share and one share purchase warrant. Each warrant will be exercisable into one share at a price of CAD 0.165 per warrant share for a period of 36 months from the closing date.

The securities issued in the offering will be subject to applicable hold periods imposed under applicable securities legislation. The company may pay finder's fees on the offering within the amount permitted by the policies of the Canadian Securities Exchange. The closing of the offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including the CSE.

The securities issued in the offering will be subject to applicable hold periods imposed under applicable securities legislation.