Roadman Investments Corp. announced a non-brokered private placement of up to 50,000,000 units of the company at a price of CAD 0.05 per unit, for gross proceeds of up to CAD 2,500,000 on November 7, 2022. Each unit will consist of one common share of the company and one-half-of-one common share purchase warrant.

Each Warrant will entitle the holder, on exercise, to purchase one Share for a period of 24 months following the closing date at the exercise price of CAD 0.075 per Share. The company may pay finders' fees and/or issue finders' warrants on the same terms as the Warrants, to eligible parties who have assisted by introducing subscribers to the transaction. All securities to be issued will be subject to a four-month-and one-day statutory hold period in accordance with applicable securities laws and, as applicable, the TSX Venture Exchange hold period.

The completion of the transaction remains subject to the approval of the TSX Venture Exchange.