Mojave Brands Inc. announced a non-brokered private placement of up to 12,650,000 units at a price of CAD 0.07 per unit for gross proceeds of up to CAD 885,500 on December 6, 2023. Each unit consists of one common share in the capital of the company and one-half of one common share purchase warrant. Each warrant will entitle the holder thereof to acquire an additional common share at an exercise price of CAD 0.11 per warrant share for a period of 24 months from the date of issuance.

All securities issued in connection with the offering are subject to a statutory hold period of four months and one day from the date of issuance, in accordance with applicable securities legislation. The company does not intend on paying finder?s fees in connection with the offering. Prior to closing of the offering, the company intends on obtaining the requisite consent from the majority of its shareholders via written resolution, approving the offering.

The company intends on closing the offering on December 15, 2023, but closing remains subject to obtaining the requisite shareholder consent and CSE approval.