Boardwalktech Software Corp. announced a non-brokered private placement of up to 6,666,666 units at a price of CAD 0.30 per unit for the gross proceeds of up to CAD 1,999,999.8 on December 11, 2023. Each unit will be comprised of one common share and one common share purchase warrant.

Each warrant will entitle the holder thereof to acquire one common share at a price of CAD 0.50 per common share for a period of 36 months from the closing date of the offering, subject to early acceleration by the company if the trading price of the common shares of the company is greater than CAD 1. Closing of the initial tranche of the offering is expected to occur on or about December 22, 2023, or such other date as the company may decide, and remains subject to the company obtaining all necessary corporate and regulatory approvals, including approval of the TSXV. The company may pay finder's fees in connection with the offering and in accordance with the policies of the TSXV.