IGEN Networks Corp. announced that it has entered into an equity financing agreement for private placement of common shares for gross proceeds of up to $5,000,000 on April 3, 2022. The transaction will include participation from Jefferson Street Capital, LLC .

The company will receive funding in 36 months period. The company will raise funding through equity line. The securities issued in the transaction in reliance upon the exemptions from the registration requirements of the securities act afforded by Section 4(a)(2) of the securities act and rule 506(b) of Regulation D thereunder.

The company will issue additional 12,500,000 shares to the investor as commitment shares.