Health Logic Interactive Inc. announced a non brokered private placement basis to issue 10,000,000 shares at an issue price of CAD 0.04 per share for the gross proceeds of CAD 400,000 on February 2, 2024. The Offering is subject to the receipt of all necessary approvals, including the approval of the TSX Venture Exchange as well as the satisfaction of other customary closing conditions. In connection with the Offering, the Company may pay finder's fees equal to 8% of the gross proceeds in cash and issue 8% non-transferable warrants to various registered dealers or finder's, representing up to 8% of the shares sold through such registered dealers or finders in the Offering.

Each Finder Warrant will entitle the holder thereof to purchase one share at a price of CAD 0.05 per share for a period of thirty-six months from the closing date of the offering. No insiders of company will be participating in the Offering. All of the securities issuable in connection with the Offering will be subject to a hold period expiring four months and one day after the date of issuance of the securities.

It is anticipated that the first closing of the Offering will occur on or about February 21, 2024, with a final closing no later than February 29, 2024. The company will update shareholders when the Offering has been completed and TSXV final approval has been received.