Logica Ventures Corp. announced a private placement on best effort basis for gross proceeds of CAD 3 million on September 19, 2022. The company will issue AGN subscription receipts at a price of CAD 0.18 per AGN subscription receipt with each unit consisting of one common share in AGN and one common share purchase warrant and logica flow-through subscription receipts at a price of CAD 0.10 per logica subscription receipt which entitles the holder to receive one flow-through unit of logica with each flow-through unit consisting of one flow-through common share in Logica and one-half of one common share purchase warrant upon completion of the transaction.

Each AGN Warrant shall entitle the holder thereof to acquire one common share of AGN at an exercise price of CAD 0.25 for a period of 36 months following the closing date of the offering. Each flow-through warrant shall entitle the holder thereof to acquire one common share of Logica at an exercise price of CAD 0.25 for a period of 36 months following the closing date of the offering. The company will issue number of broker warrants equal to 7.0% of the number of subscription receipts sold under each of the respective offerings.