RSI International Systems Inc. announced a minimum of 4,777,778 subscription receipts and a maximum of 11,111,111 subscription receipts at a price of CAD 0.45 per subscription receipt for aggregate gross proceeds of a minimum of CAD 2,150,000 and a maximum of CAD 5,000,000 on June 29, 2022. In connection with the transaction, company will pay certain finders 6.5% cash commissions and 6.5% non-transferable compensation warrants with each compensation warrant exercisable to purchase one share at a price of CAD 0.45 per share for a period of two years.

In connection with the Private placement, company has agreed to pay certain finders cash commission in an amount equal to 6.5% of gross proceeds of the Private Placement introduced by such Finders. In addition, company will issue compensation warrants to the finders representing 6.5% of the number of subscription receipts introduced by such finders with each compensation warrant exercisable to purchase one share at an exercise price of CAD 0.45 for a term of two years from the date of issue.