Urbanimmersive Inc. announced a non-brokered private placement of 11,538,461 units at a price of CAD 0.065 per unit for gross proceeds of CAD 750,000 on June 28, 2023. Each unit consists of one common share of the company and a warrant entitling the holder to purchase one additional common share of the company at a price of CAD 0.10 per share until June 27, 2026. The units issued under transaction are subject to a hold period of four months and one day until October 28, 2023.

No commissions were paid. The closing of this arm's length private placement is subject to the approval of the TSXV and other customary conditions.