Level 14 Ventures Ltd. a non-brokered private placement of up to 33,333,333 units at a price of CAD 0.15 per unit for the gross proceeds of CAD 4,999,999.95 on December 1, 2023. Each unit will consist of one common share in the capital of the company and one common share purchase warrant. Each warrant will entitle the holder to purchase one common share at an exercise price of CAD 0.30 for a period of five years following the issuance of the units.

Subject to compliance with applicable regulatory requirements, the private placement is being made to purchasers resident in Canada, except Quebec. The securities issued under the private placement will not be subject to a hold period in accordance with applicable Canadian securities laws. Certain directors and officers of the company will participate in the private placement.

Closing of the private placement is subject to the company obtaining all necessary corporate and regulatory approvals, including approval of the CSE. The company may pay finder's fees in connection with the private placement and in accordance with the policies of the CSE.