Volatus Capital Corp. announced a non-brokered private placement of up to 10,000,000 units at a price of CAD 0.01 per unit for the gross proceeds of CAD 100,000 on August 11, 2023. Each unit consists of one common share and one warrant.

Each warrant entitling the holder to purchase one common share at a price of CAD 0.05 for a period of five years from closing. The company may pay finder's fees in accordance with the policies of the CSE. All securities issued will be subject to a hold period of four months and one day in accordance with applicable securities laws.

The transaction is subject to the approval by the Canadian Securities Exchange.