On April 3, 2024, VIP Entertainment Technologies Inc. closed the transaction. The company issued 11,865,000 units at a price of CAD 0.05 per Unit for aggregate gross proceeds of CAD 593,250. 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 transaction included participation from new investor Planet Ventures Inc. for 4,000,000 units at a price of CAD 0.05 per Unit for aggregate gross proceeds of CAD 200,000. Prior to the Acquisition, the investor did not beneficially own or control any securities of company. Following the Acquisition, the investor holds an aggregate of 4,000,000 units, representing 10.27% of the issued and outstanding shares on an undiluted basis and 15.41% of the issued and outstanding shares on a partially diluted basis based on an aggregate of 38,931,252 shares issued and outstanding.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 23 placees and 1 existing insider for 4,000,000 units.