New Wave Holdings Corp. announced a non-brokered private placement of up to 10,000,000 common shares at CAD 0.065 per share for gross proceeds of up to CAD 650,000 on June 15, 2023. The company may pay a finder's fee on the offering within the amount permitted by the policies of the Canadian Securities Exchange.

The closing of the offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including the CSE. All securities issued in connection with the offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation. The offering is not subject to a minimum aggregate amount of subscriptions.