Xigem Technologies Corporation announces non-brokered private placement of 2,500,000 units at an issue price of CAD 0.042 per unit for gross proceeds of CAD 105,000 on March 28, 2024. Each unit consists of one common share in the capital of the company and one common share purchase warrant, with each warrant entitling the holder to acquire an additional common share for a period of 24 months from closing at an exercise price of CAD 0.065. The transaction will include participation from Brian Kalish, the CEO and a director of the company for 595,238 units for CAD 25,000.

The common shares will be subject to a four-month-and-one-day hold period.