NetraMark Holdings Inc. announced a private placement of 7,500,000 units at a price of CAD 0.2 for the gross proceeds of CAD 1,500,000 on September 11, 2023. Each unit will consist of one common share and one share purchase warrant which will entitle the holder thereof to acquire, subject to adjustment in certain events, one common share in the capital of the company at an exercise price of CAD 0.35 for a period of two years from the closing date of the offering. As a part of the transaction, the he company may pay a finder fee equal to 6.0% of the gross proceeds.

The transaction is expected to close on or about September 19, 2023.