Hank Payments Corp. announced a non brokered private placement to issue 484 units at an issue price of CAD 1,000 per unit for the gross proceeds of CAD 484,000 on January 30, 2024. The transaction included participation from new investors Hank Doors and the Hank Equity Builder products. Each Unit consists of one CAD 1,000 secured convertible debenture and 6,667 common share purchase warrants. The Debentures mature on January 30, 2029 and bear interest at a fixed rate of 10% per annum, payable in arrears semi-annually in cash on December 31 and June 30 of each year. At any time during the Term, a holder of Debentures may elect to convert the outstanding net principal amount, or any portion thereof, into 6,453,333 common shares at a conversion price of CAD 0.075 per share during the first year and CAD 0.10 per share thereafter. Each Warrant entitles the holder to purchase one common share of the Company at an exercise price of CAD 0.10 per common share until January 30, 2026. The detachable warrants are 3,226,828 share purchase warrants to purchase 3,226,828 common shares. All securities issued pursuant to the Offering are subject to a statutory hold period ending May 30, 2024. The Offering is subject to TSX Venture Exchange acceptance of regulatory filings. All securities issued pursuant to the Offering are subject to a statutory hold period ending May 30, 2024. The Offering is subject to TSX Venture Exchange acceptance of regulatory filings. The Company also announced today that it has granted incentive stock options to certain directors, officers, consultants and employees of the Company to acquire an aggregate of 1,945,000 common shares as well as 700,000 restricted share units. The Options were granted at an exercise price of CAD 0.10. The Options will vest one third upon the grant date and one third annually for the next two years. Of this option grant, 1,850,000 are exercisable for a ten year term, expiring January 29, 2034, and 95,000 Options are exercisable for a five-year term, expiring January 29, 2029. All Options and RSUs were granted pursuant to the Company's Omnibus Equity Incentive Plan.

The TSX Venture Exchange has accepted for filing documentation with respect to anon-brokered private placement. The transaction included participation from 3 placees.