West Island Brands Inc. announced a non-brokered private placement of up to 2,051,282 units at a price of CAD 0.0975 per unit for the aggregate gross proceeds of CAD 199,999.995 on December 5, 2023. Each Unit will be comprised of one common share and one Common Share purchase warrant. Each Warrant will entitle the holder to purchase one Common Share for a period of 24 months from the closing date at an exercise price of CAD 0.13 per warrant.

Prior to completion of the Private Placement, each subscriber to the Private Placement will receive a copy of the FFCTO and the Partial Revocation Order, and will be required to provide a signed and dated acknowledgement to the Company that all of the Company's securities, including the securities issued in the Private Placement, will remain subject to the FFCTO until such order is fully revoked, and that the granting of the Partial Revocation Order by the OSC does not guarantee the issuance of a full revocation order in the future. The transaction is subject to the approval of the Canadian Securities Exchange.