ProtoKinetix, Incorporated announced a private placement of 1,000,000 units at a price of $0.05 per unit for gross proceeds of $50,000 on March 18, 2022. The transaction included participation from Clarence Smith. Each unit consists of one common share and one share purchase warrant.

Each warrant will entitle the holder to purchase a common share at an exercise price of $0.05 per share. The company has issued securities pursuant to exemption provided under Regulation D. The company did not pay commission with respect to the transaction.