Choom Holdings Inc. announced a non-brokered private placement of 10,000,000 units at an issue price of CAD 0.05 per unit for gross proceeds of up to CAD 500,000 on December 24, 2021. Each unit consist of one common share and one transferrable warrant with each whole warrant having an exercise price of CAD 0.05 per share for a period of 24 months from the date of issuance. The transaction is subject to the approval of Canadian Securities Exchange. All securities to be issued pursuant to the transaction are subject to a hold period of four months and one day under securities laws.