QYOU Media Inc. announced a non-brokered private placement of up to 30,000,000 units at a price of CAD 0.07 per unit for aggregate gross proceeds of up to CAD 2,100,000 on October 6, 2023. Each unit will be composed of one common share and one common share purchase warrant. Each warrant will entitle the holder thereof to acquire one additional share at a price of CAD 0.10 per warrant share for a period of twenty-four months from the closing date of the transaction, subject to an accelerated expiry date at the option of the company in the event that the ten day volume weighted average trading price of the shares on the TSX Venture Exchange for any ten consecutive trading days is CAD 0.25 or more.

The company may compensate certain finders with a cash commission of up to 7.5% of the aggregate gross proceeds of the transaction and issue finders warrants equal to up to 7.5% of the total number of Units subscribed for under the transaction. The finders warrant, to the extent they are issued, will entitle the holder to acquire one share at a price of CAD 0.10 per share for a period of 24 months. The transaction is expected to close on or about October 13, 2023 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSXV.