QYOU Media Inc. announced a non-brokered private placement of up to 22,500,000 units at an issue price of CAD 0.07 per Unit for the gross proceeds of CAD 1,575,000 on January 16, 2024. Each Unit will be composed of one common share and one common share purchase warrant. Each Warrant will entitle the holder thereof to acquire one additional Share at a price of CAD 0.10 per Warrant Share for a period of twenty-four months from the closing date of the Offering.

The Company may compensate certain finders with a cash commission of up to 7.5% of the aggregate gross proceeds of the Offering and issue finders warrants equal to up to 7.5% of the total number of Units subscribed for under the Offering. The finders warrants, to the extent they are issued, will entitle the holder to acquire one Share at a price of CAD 0.10 per Share for a period of 24 months. The Offering is expected to close on or about January 23, 2024 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSXV.