BlueRush Inc. announced that it has entered into an agreement for a private placement of up to 100,000,000 units at a price of $0.05 per unit for gross proceeds of $5,000,000 on March 10, 2022. Each unit will consist of one common share and one-half of one share purchase warrant. Each warrant will entitle the holder to purchase a common share at a price of $0.075 per share until the date is 48 months from closing.

The expiry date of warrants may be accelerated by the company if the volume weighted average price of the shares on the TSX Venture Exchange is greater than $0.20 for any twenty consecutive trading days. All securities issued are subject to hold period of four months and one day from issuance. The company has granted an option to increase the transaction by an additional $1,000,000 for an additional 20,000,000 units to cover over-allotments.

The transaction is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and stock exchange approvals, including the approval of the TSXV. The minimum investment accepted from an outside investor is $30,000 The company will issue securities pursuant to exemption provided under regulation D in the transaction.