CoTec Holdings Corp. announced a non-brokered private placement of 5,500,000 common shares at a price of CAD 0.50 per share for the gross proceeds of CAD 2,750,000 on July 3, 2024. The transaction will include participation from returning investor, Kings Chapel International Limited.

Closing of the private placement is subject to the corporation obtaining all necessary corporate and regulatory approvals, including approval of the TSXV. All securities issued to Canadian investors in connection with the private placement will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation in Canada.