Moovly Media Inc. announced that it has completed a non-brokered private placement of 9,000,000 units at a price of CAD 0.075 per unit for gross proceeds of CAD 675,000 on October 13, 2022. The transaction included participation from 5 investors. Each unit is comprised of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one common share at an exercise price of CAD 0.15 per share for a period of 24 months from the date of issuance. The company has paid cash finders' fees totaling CAD 13,125, and has issued an aggregate of 175,000 finders' warrants to eligible parties. Each finders' warrant entitles the holder to purchase one common share at an exercise price of CAD 0.15 per share for a period of 24 months from the date of issuance. All securities issued are subject to a four month hold period expiring on February 14, 2023. The transaction is subject to final approval of TSX Venture Exchange.

The company has received acceptance of TSX Venture Exchange for filing documentation with respect to the transaction.