Carbeeza Inc. announced a non-brokered private placement of up to 10,000,000 units of the company at a price of CAD 0.10 per unit for the gross proceeds of up to CAD 1,000,000 on December 1, 2023. Each unit will consists of one common share and one full common share purchase warrant exercisable for a period of eighteen months from the closing date at a price of CAD 0.25 per warrant. A finder's fee may be paid in connection with the Private Placement to finders as determined by mutual agreement between the Company and the finders.

The finders' fee shall consist of a cash fee of 8% of the gross proceeds of the Private Placement raised by the finder and common share purchase warrants of the company equal to 8% of the number of units issued as a result of the finder under the Private Placement. The Private Placement is expected to close in late 2023 on such date as may be determined by the directors of the company. The transaction is subject to regulatory approval including but not limited to, the approval of the TSXV.