Mojave Brands Inc closed the private placement on December 15, 2023. The company issued 6,799,800 units at a price of CAD 0.07 per unit for gross proceeds of CAD 475,986. Each Unit consists of one (1) common share in the capital of the Company (each, a ?Common Share?) and one-half of one (1) Common Share purchase warrant.

Each Warrant entitles the holder thereof to acquire an additional Common Share (each, a ?Warrant Share?) at an exercise price of CAD 0.11 per Warrant Share for a period of 24 months from the date of issuance.