Deveron Corp. announced a non-brokered private placement of up to 4,838,710 common shares at a price of CAD 0.31 per shares for a gross proceeds of CAD 1,500,000 on April 14, 2023. The transaction will include participation of CAD 1,000,000 from insiders of the company including individual investor, Tim Close.

The transaction is expected to close on or about April 20, 2023. The completion of the transaction remains subject to all regulatory and other approvals, including the approval of the TSX Venture Exchange.