DIAGNOS Inc. announced a non-brokered private placement of 5,357,142 units at a price of CAD 0.28 per unit for the gross proceeds of CAD 1,500,000 on May 9, 2024. Each unit will consist of one common share and one share purchase warrant. Each warrant can be exercised to purchase one Share at a price of CAD 0.40 per share for a period of 18 months ending November 9, 2025. All securities issued as part of the first tranche of the Private Placement are subject to a statutory hold period ending September 10, 2024. The closing of the private placement remains subject to receipt of all required approvals, including the approval of the TSX Venture Exchange, as well as execution of formal documentation. The corporation expects to close a second and final tranche of the private placement before May 31, 2024.

On the same day, the company issued 1,125,000 units at a price of CAD 0.28 per unit for the gross proceeds of CAD 315,000 in its first tranche closing.