VSBLTY Groupe Technologies Corp. announced a private placement to issue 17,386,600 units at an issue price of CAD 0.016 per unit for the gross proceeds of CAD 2,781,856 on November 15, 2023. Each unit will consist of one common share and one transferrable common share purchase warrant.

Each warrant will entitle the holder to purchase one additional share at a price of CAD 0.20 for a period of 36 months from the closing of the offering. Closing of the offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including the CSE. All securities issued in connection with the offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.

The offering is not subject to a minimum aggregate amount of subscriptions. The company has agreed to pay cash commissions equal to 8% of the gross proceeds of the offering and to issue that number of broker warrants equal to 8% of the number of units sold in the offering. Each broker warrant will be exercisable to purchase one share for a period of 36 months from the closing date at an exercise price of CAD 0.20.