Asia Green Biotechnology Corp. announced a private placement to issue 30,000,000 subscription receipts at a price of CAD 0.05 per subscription receipts for the gross proceeds of up to CAD 1,500,000 on February 20, 2024. The transaction is subject to the approval of the Canadian Securities Exchange.

Upon satisfaction of the escrow release conditions relating to the financing , including all conditions precedent to the closing of the financing being satisfied, each Subscription Receipt will automatically convert without any further action on the part of the Subscription Receipt holder into one common share of the company.