Cloud DX Inc. announced a non-brokered private placement to issue 23,333,334 units at an issue price of $0.12 per unit for the gross proceeds of $2,800,000.08 on April 8, 2024. Each Unit shall consist of one common share and one transferable share purchase warrant, with each Warrant entitling the holder thereof to acquire one additional Common Share at a price of $0.18 per share until 36 months following closing. Finder?s fees may be payable in accordance with the policies of the TSX Venture Exchange (the ?Exchange?). The Private Placement remains subject to approval of the Exchange. All securities issued in connection with the Private Placement will be subject to a statutory hold period expiring four months and one day from issuance in accordance with applicable securities legislation. Insiders may participate in the Private Placement. The extent of insider participation, if any, has not yet been determined. The Company reserves the right to oversubscribe the Private Placement by up to $500,000, pursuant to which the Company may sell an additional 4,166,667 Units, should there be significant additional demand.

On the same day, the company amended the terms of the transaction and announced that it will now issue 27,500,000 units at an issue price of $0.12 per unit for the gross proceeds of $3,300,000. The offering is expected to close an initial tranche in the period between April 29, 2024, and May 5, 2024.