On January 17, 2024, Ocumetics Technology Corp. closed the transaction. The company issued 1,301,875 units at an issue price of CAD 0.32 per unit for gross proceeds of CAD 416,600. Each unit will consist of one common share and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share at an exercise price of CAD 0.64 for a period of two years from the date of issuance of the warrant. The company paid finders fees to Leede Jones Gable Inc. consisting of cash commissions of CAD 200. All securities issued under the Private Placement are subject to a hold period of four months and one day.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 8 placees including existing insider involvement of 3 insiders for 640,625.