On August 21, 2023, Acceleware Ltd. closed the transaction. The company issued 1,949,036 Units, at a price of CAD 0.23 per Unit, for total gross proceeds of CAD 448,278. There were no finders? fees or commissions paid in connection with the transaction. The transaction included participation from certain insiders for 142,114 Units. The Common Shares issued in connection with the Private Placement and any Common Shares issued upon exercise of the Warrants will be subject to a four-month hold period which will expire on December 21, 2023.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 31 placees including existing insider involvement of six insiders for 142,114 units.