Mimi's Rock Corp. announced a non-brokered private placement of subordinated secured debentures for gross proceeds of CAD 1,500,000 on December 1, 2021. The transaction included participation from affiliates of Hueniken Asset Management Inc. for CAD 150,000 principal amount of debentures and 53,571 common shares. The debentures are of CAD 10,000 principal amount per debenture. The debentures will mature on November 24, 2023 and will bear a 10% per annum total cash yield, consisting of an 8% per annum, payable quarterly and an annual maintenance fee of 2%, paid annually in advance. The subscribers were also granted 3,571 common shares for each CAD 10,000 of principal amount of debentures or 560,706 bonus shares in the aggregate. The company has paid a total of CAD 66,000 as cash commission and 66,000 compensation warrants in the aggregate. Each compensation warrant entitles the holder thereof to purchase one common share of the company at CAD 0.50 per share until November 24, 2022. The securities issued are subject to a statutory hold period of four months from the date of issuance in accordance with applicable securities legislation.