Liquid Avatar Technologies Inc. announced a best efforts, non-brokered private placement of 20,000,000 units of the company at price of CAD 0.05 per unit for gross proceeds of up to CAD 1,000,000 on June 24, 2022. Each unit will be comprised of once common share and one common share purchase warrant. Each warrant shall be exercisable to acquire one common share at price of CAD 0.10 per warrant share, for a period of 36 months from the closing of the offering.

Insiders may participate in the offering. The units to be issued under the offering will have a hold period of four months and one day from closing. The offering is expected to close on or about July 5, 2022 or on such earlier date at the sole discretion of the company, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals.

In connection with the offering, the company may pay a finder's fee in respect of subscribers introduced to the corporation by an eligible finder of cash up to 7% of the value of the units subscribed for and finder's warrants to acquire the number of common shares equal to up to 7% of the number of Units subscribed for, which warrants will be exercisable to acquire one common share at price of CAD 0.10 per share, for a period of 36 months from the closing of the offering.