Netcoins Holdings Inc. announced a non brokered private placement of 1,181,661 units at a price of CAD 0.11 per unit for gross proceeds of CAD $129,982.71 on April 1, 2022. Each unit consisted of one common share and one transferable common share purchase warrant. Each warrant is exercisable into one additional share at an exercise price of CAD 0.115 per warrant share on or before March 31, 2027.

The company issued 118,166 finder's units and 118,166 finder's warrants to certain qualified arm's length finders. Each finder's unit consists of one share and one warrant. Each finder's warrant and finder's unit warrant is exercisable into one share at an exercise price of CAD 0.115 per finder's warrant share on or before March 31, 2027.

All securities issued in connection with the offering are subject to a statutory hold period of four months plus a day in accordance with applicable securities legislation ending on August 1, 2022.