Bee Vectoring Technologies International Inc. announced a non-brokered private placement of 1,491,667 units at an issue price of CAD 0.12 per Unit for gross aggregate proceeds of CAD 179,000 on March 6, 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.

The Company paid CAD 840 in cash and issued 7,000 Warrants on the same terms noted above to qualified parties in connection with the transaction. All securities issued pursuant to the transaction are subject to a statutory hold period that will expire on July 7, 2023, in accordance with applicable securities laws.