Marble Financial Inc. announced a non-brokered private placement of up to 28,571,428 units at the price of CAD 0.07 per unit for gross proceeds of up to CAD 2,000,000 on July 12, 2023. Each unit is comprised of a common share and one-half of a warrant, a whole warrant exercisable to purchase a common share at a price of CAD 0.11 for a period of two years. All securities issued are subject to a hold period of four months and one day following issue.

On the same date, the company issued 829,000 units at the price of CAD 0.07 per unit for gross proceeds of up to CAD 58,030 in its first tranche closing. In connection with the tranche, an aggregate of 58,030 shares were issued as finder fees. An insider of the company purchased 829,000 units, representing the total number of units issued.