AD4 Capital Corp. announced a non-brokered private placement of CAD 850,000 on November 25, 2022. The company will issue convertible debentures and warrants in the transaction.

The debentures carries an interest at the rate of 10% per annum, will be convertible into common shares at CAD 0.22 per share, and will mature on 36 months from closing of the transaction. The company will also issue 850,000 warrants exercisable at CAD 0.26 per warrant for a period of 18 months from issuance.