37 Capital Inc. announced a non-brokered private placement of up to 6,000,000 units of the securities of the company at the price of CAD 0.025 per unit for gross proceeds of CAD 150,000 on December 16, 2022. Each unit will consist of one common share and one share purchase warrant to purchase an additional common share in the capital of the company at the price of CAD 0.05 per common share for a period of 5 years from closing. The finder's fees may be payable in respect to this transaction and certain insiders may participate in this financing.

All securities that will be issued in connection with this transaction will include a hold period in accordance with applicable securities laws.