G2 Energy Corp. announced non-brokered private placement of minimum of 30,000,000 units and up to a maximum of 43,250,000 units at an issue price of CAD 0.02 per unit for aggregate gross proceeds of a minimum of CAD 600,000 and up to CAD 865,000 on April 13, 2023. Each unit consists of one common share and one common share purchase warrant.

Each warrant entitles the holder thereof to purchase one common share for a price of CAD 0.05 for a period of thirty-six months from the date of the closing. In connection with the offering, finder's fee may be paid in cash or in securities of the company in accordance with applicable securities laws and CSE Policies. The completion of the offering will be subject to receipt of and all necessary regulatory approvals, including, if required, conditional approval by the CSE.

The securities issued in connection with the transaction will be subject to a four-month hold period under applicable Canadian securities laws commencing on the closing date of the transaction. The transaction is expected to close on or about June 15, 2023