Wavefront Technology Solutions Inc. announced that it has entered into an agreement with new investor, Alumina Partners (Ontario) Ltd. for a private placement of units for gross proceeds of up to CAD 12,000,000 on November 3, 2021. Each unit consists of common shares and common share purchase warrants. The company, at its sole discretion, may choose to drawdown against the facility in increments of up to CAD 500,000 over a period of twenty-four months. The pricing terms of each drawdown will be determined subject to market conditions at the time of the drawdown. There are no finders? fees associated with any potential drawdowns, nor are there penalties for not drawing on the facility.