The Well Told Company Inc. announced a private placement to issue 13,125,000 units at a price of CAD 0.05 per unit for gross proceeds of CAD 656,250 on September 9, 2022. Each unit will consist of one common share and one transferable share purchase warrant with each warrant entitling the holder thereof to acquire one common share at a price of CAD 0.10 per share until 24 months closing, subject to acceleration. The expiry date of the warrants may be accelerated by the company at any time following the four month anniversary of closing and prior to the expiry date of the Warrants if the daily volume weighted average price of the common shares on the TSX Venture Exchange is greater than CAD 0.15 for any ten consecutive trading days, at which time the company may, within five business days of the acceleration event, accelerate the expiry date of the warrants by issuing a press release announcing the reduced warrant term whereupon the Warrants will expire on the 20th calendar day after the date of such press release.

All securities issued pursuant to the offering are subject to a Canadian four-month hold period. and may not be resold in the United States except in compliance with applicable U.S. securities laws. The transaction included participation from director of the company for CAD 50,000.