NurExone Biologic Inc. announced it has completed a non-brokered private placement of a minimum of 7,091,993 units at a price of CAD 0.28 per unit for gross proceeds of CAD 1,985,758.04 on January 5, 2024. Each Unit consists of one common share in the capital of the Company, and one Common Share purchase warrant. Each Warrant entitles the holder thereof to purchase one Common Share at a price of CAD 0.35 per Common Share for a period of 36 months from the closing of the Private Placement. The Warrants are subject to accelerated expiration whereby if the daily volume weighted average trading price of the Common Shares on the TSX Venture Exchange for any period of 20 consecutive trading days equals or exceeds CAD 0.80. All securities issued under the Private Placement are subject to a statutory hold period of four months and one day from the closing of the Private Placement. The Private Placement is subject to final approval of the TSXV. The company has raised CAD 1,484,353.1868 ($1,111,542) pursuant to exemption provided under Regulation D and included participation from 3 investors.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included 15 placees.