Trenchant Capital Corp. announced a non-brokered private placement of up to 10,000,000 units at a price of CAD 0.25 per unit for the gross proceeds of up to CAD 2.5 million on December 5, 2023. Each unit will consist of one common share and one transferable share purchase warrant, with each warrant entitling the holder to purchase one additional share at a price of CAD 0.5 per share for a period of two years from closing.

All securities issued in connection with the offering will be subject to a statutory hold period expiring four months and one day after closing of the offering. Finders' fees may be paid in connection with the offering in accordance with applicable laws.