Liberty Defense Holdings, Ltd. announced a private placement of 9,090,909 units at a price of $0.11 per unit for gross proceeds of $999,999.99 on February 28, 2024. Each unit consists of one common share and one common share purchase warrant. Each warrant will entitle the holder thereof to acquire, on payment of $0.15 to the company, one common share of the company, subject to adjustment in certain circumstances, until February 26, 2027.

The transaction included participation from new investor Viken Detection Corporation. The securities issued pursuant to the offering are subject to hold period expiring June 27, 2024.