Meteorite Capital Inc. announced a private placement of 4,969,200 common shares at a price of CAD 0.25 for the gross proceeds of CAD 1,242,300 on February 27, 2023. The TSX Venture Exchange has accepted for filing the documentation with respect to a brokered private placement. The transaction included participation from 50 placees.

The company paid CAD 246,280.23 cash and 721,312 agent warrants to the agents in the transaction. Each agent's warrant entitles the holder to purchase one unit of the resulting issuer at a price of CAD 0.25 for a period of 24 months following the escrow release date, each unit comprising one resulting issuer common share and one-half resulting issuer warrant, at an exercise price of CAD 0.40 at any time until 24 months after the escrow release date post consolidation.