Braille Energy Systems Inc. announced a non-brokered private placement of up to 10,735,290 units at an issue price of CAD 0.085 per unit for the gross proceeds of CAD 912,500 on April 11, 2023. The transaction included participation from accredited investors. Each unit will comprised of one common share and one-half of one non transferable common share purchase warrant.

Each whole warrant will entitle the holder to purchase one common share for CAD 0.12 at any time within 2 years after closing. All securities issued pursuant to the transaction will be subject to a four month hold period. The transaction is subject to approval of TSX Venture Exchange.

The company paid CAD 19,250 cash and 226,470 finder warrants as finder's fees. The transaction included participation from 11 placees. The transaction included participation from two insiders for 1,176,470 shares.