Bearclaw Capital Corp. announced a non-brokered private placement of up to 3,157,896 units at issue price of CAD 0.095 per unit for gross proceeds of CAD 300,000.12 on December 9, 2022. Each unit consists of one common share and one share purchase warrant.

Each warrant entitles the holder to purchase one additional common share of the company at a price of CAD 0.125 per share for a period of 12 months from the closing of the transaction. All securities issued in connection with the transaction will be subject to a statutory hold period expiring four months and one day after closing of the financing. Completion of the Financing is subject to a number of conditions, including, without limitation, receipt of all regulatory approvals, including approval of the NEX Exchange.