Blue Horizon Global Capital Corp announced non-brokered private placement to issue 2,500,000 units at a price CAD 0.40 per unit for gross proceeds CAD 1,000,000 on January 24, 2024. Each Unit shall consist of one common share in the capital of the Company and one common share purchase warrant. Each Warrant will entitle the holder thereof to acquire one common share of the Company at a price of CAD 0.50 per Warrant Share for a period of 24 months following the date of issuance.

The transaction is subject to all necessary regulatory approvals. The securities being issued in the private placement will be subject to a four-month and one day hold period in accordance with applicable Canadian securities laws.