G2 Energy Corp. announced a non-brokererd private placement of 30 million units at an issue price of CAD 0.05 per unit for the gross proceeds of CAD 1.5 million on January 4, 2023. Each Unit will consist of one common share and one common share purchase warrant.

Each Warrant will be exercisable by the warrant holder to acquire one additional common share at a price of CAD 0.08 for a period of twelve months from the closing of the transaction. The transaction will include certain investors. The 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 transaction will be subject to receipt of and all necessary regulatory approvals, including, if required, conditional approval by the Exchange. 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 January 30, 2023.