Fandifi Technology Corp. announced a non-brokered private placement of up to 33,333,333 units at a price of CAD 0.015 per unit for the gross proceeds of up to CAD 500,000 on October 13, 2023. Each unit is comprised of one common share in the capital of the company and one common share purchase warrant.

Each warrant entitles the holder to purchase one additional common share at an exercise price of CAD 0.05 within 24 months of the closing of the offering. In connection with the offering, the company may pay a finders' fee in accordance with the rules and policies of the CSE. The company may close the offering in one or more tranches.

Completion of the offering is subject to a number of conditions, including, without limitation, receipt of all regulatory approvals and including approval of the CSE. The transaction is expected to close on or before October 31, 2023.