HYTN Innovations Inc. announced a non-brokered private placement of 13,333,334 units of the company at a price of CAD 0.075 per unit for the gross proceeds of CAD 1,000,000.05 on February 9, 2024. Each unit will be composed of one common share in the capital of the company and one common share purchase warrant of the company. Each warrant will entitle the holder thereof to acquire one additional share at a price of CAD 0.25 per warrant share for a period of 24 months from the closing date of the offering.

All securities issued in the offering will be subject to a statutory four month and one day hold period. Closing of the offering is subject to receipt of all regulatory approvals, including the approval of the Canadian Securities Exchange. The offering is expected to close on or about March 1, 2024.