Glorious Creation Limited announced a non-brokered private placement of up to 4,800,000 common shares of the company at a price of CAD 0.25 per share for gross proceeds of CAD 1,200,000 on August 3, 2022. The company will pay a finders' fee to certain arm's-length finders in relation to the offering consisting of a cash payment in an amount up to a maximum of 8% of the gross proceeds of the offering directly resulting from the introductions of such finders. The finders will consist of registered arm's-length dealers or other permitted individuals under Canadian securities laws.

The securities issued under the offering will be subject to a statutory hold period in Canada expiring four months and one day from closing.