Universal Ibogaine Inc. announced a private placement of up to 100,000,000 common shares at a price of CAD 0.01 per share for gross proceeds of up to CAD 1,000,000 on December 20, 2023. The closing of the offering, and the payment of any finders? fees related thereto, is subject to the required approvals of the TSX Venture Exchange.

On the same day, the company issued 12,500,000 common shares for gross proceeds of up to CAD 125,000 in its first tranche.