New Wave Holdings Corp. announced a non-brokered private placement of up to 16,000,000 units at a price of CAD 0.35 per unit for gross proceeds of up to CAD 5,600,000 on October 21, 2021. Each unit will consist of one common share and one half of one transferable common share purchase warrant. Each warrant will entitle the holder to purchase one additional share at a price of CAD 0.70 for a period of 24 months from the closing of the offering. The company may pay a finder's fee. Closing of the transaction is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including the Canadian Stock Exchange. All securities issued will be subject to a statutory hold period of four months plus a day from the date of issuance.