Visionstate Corp. announced a private placement of 25,000,000 units at a price of CAD 0.02 per unit for the gross proceeds of CAD 0.5 million on June 8, 2023. Each unit consists of one common share and one full warrant exercisable at an exercise price of CAD 0.05 for two years.

The securities issued in the private placement will be subject to a hold period of four months and one day from the date of issuance.