Moovly Media Inc. announced a non-brokered private placement of up to 16,666,667 units at a price of CAD 0.045 per unit for gross proceeds of up to CAD 750,000 on January 12, 2024. Each unit is comprised of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one common share at a price of CAD 0.08 per share for a period of 24 months from the date of issuance.

All of the securities issued under the private placement will be subject to a four-month resale restriction. The completion of the private placement remains subject to final approval of the TSX Venture Exchange.