Edmiston Drive Capital Corp. announced a non-brokered private placement to issue 1,945,250 Class A Common shares at an issue price of CAD 0.10 per Share for gross proceeds of CAD 194,525 on August 2, 2023. The transaction included participation from returning investor Copland Road Capital Corporation.

Prior to the participation in the Offering, Copland Road Capital Corporation held 1,253,253 Common Shares. Upon completion of the Offering, Copland Road exercises control or direction over 1,378,878 Common Shares, representing approximately 22.98% of the company?s issued and outstanding Common Shares on an undiluted basis and partially diluted basis. The securities issued upon closing of the offering are subject to a hold period of four months plus a day from the date of closing, pursuant to applicable securities laws.