nDatalyze Corp. announced a non-brokered private placement for issuance of up to 5,000,000 units at a price of CAD 0.12 per unit for gross proceeds of up to CAD 600,000 on October 6, 2023. Each unit consists of one common share and one-half of a common share purchase warrant with two warrants required to purchase one common share at CAD 0.25 for a period or 18 months from the date of issuance.

The company may pay a finder's fee in connection with the transaction to eligible finders, in accordance with the policies of the exchange and applicable securities laws, consisting of a cash commission of up to 8% of the gross proceeds of the transaction and a number of common share purchase warrants equal to up to 8% of the number of shares sold pursuant to the transaction. Two finder's warrants will entitle the holder thereof to acquire one share at a price of CAD 0.25 for a period of 18 months from the date of issuance. The transaction is subject to approval of the CSE, and all shares and securities of the company issued pursuant to the transaction will be subject to a four-month hold period from the date of issuance.