Advantagewon Oil Corporation announced a non-brokered private placement to issue 8,000,000 units at an issue price of CAD 0.05 per unit for the gross proceeds of CAD 400,000 on April 26, 2023. Each unit will comprise one common share and one common share purchase warrant. Each warrant shall entitle the holder thereof to purchase one common share at an exercise price of CAD 0.06, for a period of 24 months following the closing of the transaction.

All securities issued in connection with the transaction will be subject to a four-month-and-a-day hold period under applicable securities laws.