ATW Tech Inc. announced a private placement of common shares for gross proceeds of up to CAD 10,000,000 on December 21, 2021. The price per Share issued under this Private Placement will be the greater of: (A) the average trading price of the Shares on the TSX Venture Exchange for the 10 trading days immediately preceding the closing date of the Transaction and (B) the Discounted Market Price (as such term is defined in the policies of the TSX Venture Exchange) on the day prior to the closing date of the Transaction. The transaction is expected to close no later than April 15, 2022 and is subject to the approval of the TSX-V Venture Exchange.