VIP Entertainment Technologies Inc. announced a non-brokered private placement of 13,000,000 units at a price of CAD 0.05 per unit for gross proceeds of up to CAD 650,000 on December 20, 2023. Each Unit will comprise of one common share of the company and one half share purchase warrant. Each whole warrant will entitle the holder to acquire one additional common share of the Company at a price of CAD 0.1 for a period of 18 months from the date of issuance. The Offering is scheduled to close on or about January 31, 2024 and completion of the Offering is subject to certain conditions including the receipt of all necessary approvals, including the approval of the TSX Venture Exchange. The transaction is subject to compliance with applicable regulatory requirements and in accordance with National Instrument. Upon closing of the offering, the company may pay to eligible third parties a finder's fee of up to 8% of the aggregate gross proceeds of the Offering in consideration for the introduction of subscribers to the offering.

On January 12, 2024, the company announced that 6,000,000 of the units under the offering will be offered pursuant to the listed issuer financing exemption and the remaining 7,000,000 Units will be offered under the appropriate exemptions in NI 45-106.