Zedcor Inc. announced a brokered private placement of 700,000 units at CAD 0.5 per unit for gross proceeds of CAD 350,000 on March 30, 2022. Each unit consists of one common share and one-half of one common Share purchase warrant, with each Warrant entitling the holder thereof to acquire one common share at a price of CAD 0.7 for a period of two years from the date of issue. The company expects to close the transaction on April 6, 2022.

The transaction is subject to approval of TSX. The securities issued are subject to statutory hold period.