60,000 Common Shares of Carmanah Minerals Corp. are subject to a Lock-Up Agreement Ending on 29-DEC-2023. These Common Shares will be under lockup for 550 days starting from 27-JUN-2022 to 29-DEC-2023.

Details:
A total of of 10% of 400,001 common shares will be released from escrow on the date the company is listed on the stock exchange.

A total of 15% of remaining securities will be released from escrow after every 6 months after the listing date.