iMining Technologies Inc. announced a non-brokered private placement of up to 11,764,705 units at a price of CAD 0.085 per unit for gross proceeds of up to CAD 999,999.925 on August 23, 2022. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one common share of the company at a price of CAD 0.21 per share for a period of two years, provided that in the event the closing price of its shares is equal to or greater than CAD 0.40 per share for 20 consecutive trading days, the company may, by notice to the warrant holders, reduce the remaining exercise period of the warrants to not less than 30 days following the date of such notice.

In accordance with TSX Venture Exchange policies, finders' fees and commissions may be payable to eligible finders for the portion of the financing attributable to their efforts. The transaction is subject to the approval of the TSX Venture Exchange.