Simply Solventless Concentrates Ltd. has arranged a non-brokered private placement of up to 3,333,333 units at a price of CAD 0.15 per unit for aggregate gross proceeds of up to CAD 500,000 on March 27, 2024. Each Unit consists of one common share and one common share purchase warrant. Each Warrant is exercisable for one common share of SSC at a price of CAD 0.20 per share for a period of three years from the date of issue.

All securities issued under the Financing will be subject to a hold period expiring four months and one day from the date of issue. The company anticipates closing of the Financing (in one or more tranches) as soon as practicable subject to receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.