INEO Tech Corp. announced a non-brokered private placement of 2,500,000 units at an issue price of CAD 0.12 for gross proceeds of CAD 300,000 on November 17, 2022. The units sold under this non-brokered private placement are subject to statutory hold period of four-month and one day from the date of issuance.

No finder's fees or commissions were paid on the non-brokered private placement. As part of units, the company will issue 1,250,000 share purchase warrants to purchase 1,250,000 shares. The warrant exercise price is CAD 0.19 for a three-year period.

The transaction included participation from 1 placee. The TSX Venture Exchange has accepted for filing documentation with respect to the transaction.