Benz Capital Corp. announced a non-brokered private placement of 4,166,666 units at a price of CAD 0.12 per unit for gross proceeds of up to CAD 500,000 on February 1, 2023. Each unit will consist of one common share and one-half of one common share purchase warrant.

Each warrant shall entitle the holder to purchase one common share at a price of CAD 0.15 per warrant share for a period of 24 months following the closing. The company may pay agent's commissions and/or finder's fees in cash or securities in accordance with the policies of the exchange. All securities issued pursuant to the transaction will be subject to a four month hold period from the date of issue.