Scope Carbon Corp. announced a non brokered private placement to issue 1,250,000 units at an issue price of CAD 1.60 per unit for the gross proceeds of CAD 2,000,000 on October 13, 2023. Each unit will consist of one common share and one-half of a common share purchase warrant.

Each warrant will entitle the holder to acquire one additional common share at an exercise price of CAD 2.25 for a period of two years upon issuance. The company does not anticipate paying any finders' fees in connection with the offering.