Liquid Avatar Technologies Inc. announced a best efforts, non-brokered private placement of 33,333,333 units of the company at price of CAD 0.03 per unit for gross proceeds of up to CAD 1,000,000 on February 15, 2023. . Each unit will be comprised of one common share and one common share purchase warrant.

Each warrant shall be exercisable to acquire one common share at price of CAD 0.05 per warrant share, for a period of 24 months from the closing of the offering. The Units to be issued under the Offering under Canadian securities laws will have a hold period of four months and one day from Closing. The Offering is expected to close on or about February 28, 2023 or on such 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 8% of the value of the Units subscribed for and options to acquire the number of Units equal to up to 8% of the number of Units subscribed for, which will be exercisable to acquire one Unit at price of CAD 0.03 per Unit, for a period of 24 months from the closing of the Offering.