MyndTec Inc. announced a non-brokered private placement of up to 1,333,333 units at a price of CAD 0.75 per unit for aggregate gross proceeds of up to CAD 1,000,000 on March 22, 2023. Each unit shall be comprised of one common share in the capital of the company and one common share purchase warrant, whereby each warrant will be exercisable to acquire one common share at an exercise price of CAD 0.90 per warrant share for a period of 36 months following the closing date. The transaction may include participation from prospective investors.

The transaction may be completed in one or a number of closings on a date or dates to be determined by the company and is subject to, among other things, the receipt of all necessary approvals, including from the CSE, and the execution of definitive documentation. All the units will be subject to a statutory hold period of four months from the closing date.