Liberty Defense Holdings, Ltd. announces non-brokered private placement of 5,900,000 units at an issue price of CAD 0.20 per unit for gross proceeds of CAD 1,180,000 on December 6, 2023. Each Unit will consist of one common share in the capital of the Company and one Common Share purchase warrant. Each Warrant will entitle the holder thereof to purchase one Common Share of the Company for a period of 36 months following the closing date of the Offering at an exercise price of CAD 0.30 per Warrant Share.

The company will pay to certain eligible finders a cash finder's fee of up to 7.0% of the aggregate gross proceeds of the Offering. The Company may also issue to such finders non-transferrable warrants of the Company exercisable at any time prior to the date that is 36 months from the Closing Date to acquire that number of Common Shares equal to 7.0% of the number of Units issued under the Offering, at an exercise price equal to the Offering Price, subject to adjustment in certain events. The transaction is expected to close on December 31, 2023 and is subject to certain conditions including the receipt of all necessary approvals, including the approval of the TSX Venture Exchange.