Personas Social Incorporated announced a non-brokered private placement to issue 10,833,333 units at an issue price of CAD 0.06 for the gross proceeds of CAD 649,999.5 on May 19, 2023. Each Unit shall consist of one common share and one-half of one common share purchase warrant. Each Warrant shall be exercisable into one Common Share at an exercise price of CAD 0.08 for a period of 24 months from the date of issuance.

The transaction is subject to a statutory 4-month and one day hold period from the date of issuance. The transaction remains subject to approval by the TSX Venture Exchange and applicable securities regulatory authorities.