Friday's Dog Holdings Inc. announced that it has entered into American Lithium Plan of arrangement on a best efforts brokered private placement of 30,000,000 subscription receipts at a price of CAD 0.5 for gross proceeds of CAD 15,000,000 on June 6, 2023. Each Subscription Receipt will be convertible into one unit. Each unit consisting of one common share of the Company and one-half of one common share purchase warrant of the Company.

Each warrant entitling the holder to purchase one common share of the company at an exercise price of CAD 1.25 until 24 months from the closing date of the concurrent offering. The company will pay finder's fees equal to 6% of the gross proceeds raised in connection with the transaction. The Subscription Receipts, Warrants and common shares underlying the Warrants, Subscription Receipts, and Compensation Unit Warrants will be subject to a statutory four-month and one day hold period following closing of the Concurrent Offering and the policies of the TSXV.