IGEN Networks Corp. announced a non-brokered private placement of 83,333,333 common shares at a price of $0.0005625 per share for the gross proceeds of $46,874.9998125 on May 4, 2023. The transaction included participation from individual investors Neil G. Chan for 105,120,008 shares and Robert B. Nealon for 41,650,000 shares.

The shares are restricted to a hold period of 6 months.