Mene Inc. (TSXV:MENE) entered into an agreement to acquire Substantially all of the Assets of a Manufacturing Facility in the United States for $1 million on July 5, 2022. Pursuant to the terms of the agreement, the total consideration payable is $1 million, payable at closing of the purchase agreement as follows: (i) $500,000 payable in cash, and (ii) $500,000 (based on the close of business exchange rate reported by the Bank of Canada on the day prior to the date of issuance) by the delivery of 1,206,583 common shares of Mene Inc. The closing of the transaction is subject to closing conditions and the receipt of all applicable regulatory approvals including the approval of the TSX Venture Exchange.

Mene Inc. (TSXV:MENE) completed the acquisition of Substantially all of the Assets of a Manufacturing Facility in the United States on October 26, 2022.