Minnova Corp. announced a non-brokered private placement of 10,000,000 common shares at an issue price of CAD 0.05 per share for gross proceeds of CAD 500,000 on January 16, 2023. Closing of the transaction is subject to receipt of all necessary corporate and regulatory approvals, including the approval of TSX Venture Exchange.

All securities issued in connection with the offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation.