On January 25, 2024, Moovly Media Inc. closed the transaction. the company issued 16,666,866 units at an issue price of CAD 0.045 per unit for gross proceeds of CAD 750,009. Each Unit is comprised of one common share in the capital of the Company 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. The Company has issued an aggregate of 305,580 finders? warrants to eligible parties. Each finders? warrant entitles the holder to purchase one Common Share at a price of CAD 0.08 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 and may not be traded until May 26, 2024.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from four placees.