Dragonfly Capital Corp. announced a private placement of 33,333,333 common shares at a price of CAD 0.15 per share for gross proceeds of CAD 5,000,000 on December 16, 2021. There may be cash commissions and/or broker warrants paid and/or issued to eligible finders in relation to the transaction. The closing of the transaction will occur concurrently with the closing of the business combination transaction of the company with Black Swan Graphene Inc.