CEMATRIX Corporation announced a bought deal private placement of 7,778,000 units at a price of CAD 0.45 per unit for aggregate gross proceeds of CAD 3,500,100 on July 17, 2024. Each Unit will consist of one common share in the capital of the company and one-half of one common share purchase warrant. Each Warrant will entitle the holder thereof to acquire one common share at a price per Warrant Share of CAD 0.60 for a period of 24 months from the Closing Date.

The closing of the Offering is anticipated to occur on or about July 29, 2024 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the conditional approval of the Toronto Stock Exchange. The securities issued under the Listed Issuer Financing Exemption will not be subject to a hold period pursuant to applicable Canadian securities laws. In connection with the offering, the company has granted the underwriters an option, exercisable, in whole or in part, by beacon by giving notice to the company at any time up to 48 hours prior to the closing date to purchase up to an additional 6,889,000 units at the issue price for additional gross proceeds of up to the maximum as permitted under the listed issuer financing exemption.