Cymat Technologies Ltd. announced a non-brokered private placement of 4,000,000 equity units at a price of CAD 0.25 per unit for the gross proceeds of CAD 1,000,000 on September 25, 2023. Each unit will consist of one common share and one half of a common share purchase warrant. Each full warrant will entitle the holder to purchase one common share at a price of CAD 0.40 for a twenty-four month period following the closing date of the financing.

The transaction is subject to approval from the TSX Venture Exchange.