Perk Labs Inc. announced a non-brokered private placement of 11,609,909 units at an issue price of CAD 0.0164 per unit for the gross proceeds of CAD 190,403 on April 25, 2023. Each Unit consists of one common share and one Common Share purchase warrant. Each Warrant will entitle the holder to purchase one additional Common Share at a price of CAD 0.05 per Common Share for a period of 36 months.

All securities issued pursuant to the Private Placement will be subject to a statutory hold period of four months and one day following the Closing.