Binovi Technologies Corp. announced a private placement of up to 6,666,667 common shares priced at CAD 0.30 per post-consolidated common share for total gross proceeds of up to CAD 2,000,000 on October 13, 2021. The shares will be subject to a 4 month hold period and the private placement is subject to TSX Venture Exchange approval. Proceeds from the placement will be allocated towards technology development, growth initiatives and working capital purposes.