Gratomic Inc. announced a non-brokered private placement of 20,000,000 working capital units at a price of CAD 0.30 for total gross proceeds of CAD 6,000,000 on February 2, 2023. Each working capital unit consists of one common share and one common share purchase warrant. Each working capital warrant entitles the holder to purchase one common share at a price of CAD 0.45 per working capital warrant share until the date that is two years after the closing of the offering. The company will pay finders fee of CAD 25,983.

On the same day, the company issued 4,348,984 units at a price of CAD 0.30 per units for the gross proceeds of CAD 1,304,695 in its first tranche.