Red Light Holland Corp. announced a non-brokered private placement of 750 debenture unit at a price of CAD 1,000 per unit for the gross proceeds of CAD 750,000 on April 1, 2024. Each unit will consist of a $1,000 principal secured convertible debenture and (ii) 16,666.67 common share purchase warrants.

The principal of the Debenture may be converted into Shares at a conversion price of CAD 0.06 per Share. Each Warrant entitles the holder thereof to acquire one additional Share at a price of CAD 0.10 per Warrant Share for a period of 24 months from the date of issuance. The debentures will mature on the date that is 12 months from the date of issuance.