Green Shift Commodities Ltd. announced a non-brokered private placement on a best efforts basis of 10,000,000 units at a price of CAD 0.15 per unit for minimum gross proceeds of CAD 1,500,000 and maximum gross proceeds equal to the maximum amount that may be issued pursuant to the Listed Issuer Financing Exemption on December 7, 2022. Each unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one common share at an exercise price of CAD 0.25 for 24 months following the date of issuance.

The transaction will not be subject to a hold period pursuant to applicable Canadian securities laws. The company will pay 7% of the Units sold as finder's fees in the transaction. Each finder warrant will entitle the holder to purchase one common share at an exercise price of CAD 0.15 for 24 months following the date of issuance.

The transaction is expected to close on December 22, 2022 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange.