Aurora Spine Corporation announced a non-brokered private placement to issue 6,445,939 Units at a price of CAD 0.30 per Unit for the gross proceeds of CAD 1,933,781.7 on October 23, 2023. Each Unit is comprised of one common share and one common share purchase warrant of the Company. Each whole warrant is exercisable at a price of CAD 0.50 per common share for a period of 24 months following the date of issuance.

In connection with the Offering, the Company paid finder's fees in the amount of CAD 50,700 in the aggregate. The securities issued under the Offering will be subject to a four-month hold period in accordance with applicable securities legislation. The Offering is subject to TSX Venture Exchange final approval.

The transaction included participation from certain directors of the Company. The TSX Venture Exchange has accepted for filing documentation with respect to anon-brokered private placement announced on October 23, 2023. The transaction included participation from 14 placees and 4 insiders.