Bee Vectoring Technologies International Inc. announced a non-brokered private placement of up to 2,250,000 units at a price of CAD 0.12 per unit for the aggregate gross proceeds of CAD 270,000 on May 2, 2023. Each unit is comprised of one common share and one common share purchase warrant. Each warrant is exercisable to acquire one additional share of the company for a period of 36 months from closing at a price of CAD 0.20.

No finder's fees will be payable in connection with the transaction. The transaction is expected to close on May 9, 2023. All securities issued pursuant to the transaction will be subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable securities laws of Canada.