XTM Inc. announces non-brokered private placement of units for aggregate gross proceeds of up to $5,000,000 om December 13, 2023. Each Unit will consist of one secured convertible debenture in the principal amount of $1,000 at a rate of 12% per annum from the date of issuance and shall be convertible at the option of the respective holders thereof into common shares in the capital of the Company at a price of $0.11 per Common Share at any time for a period of 24 months from the initial closing date and 1,000 warrants to purchase Common Shares upon payment of $0.11 to the Company for a period of 24 months from the Initial Closing Date. The transaction is expected to close on December 19, 2023, subject to certain conditions including, but not limited to, the satisfaction of customary closing conditions and the receipt of regulatory approvals, including the approval of the Canadian Securities Exchange.

The securities issued in connection with the Offering are subject to a statutory hold period of four months and one day from the date of issuance.