Geekco Technologies Corporation announced a private placement of a maximum of 20,000,000 units at a price of CAD 0.035 per unit for maximum gross proceeds of CAD 700,000 on January 12, 2024. Each unit consists of one class A share and one warrant. Each warrant entitles the holder to acquire one additional common share at a price of CAD 0.05 until three years from their issuance date.

The company will pay the intermediary a cash commission of up to 7% of the aggregate gross proceeds of subscriptions for the placement submitted by this intermediary; and a commission in the form of intermediary warrants for an equivalent number of up to 7% of the number of units issued under the placement from subscriptions submitted by this intermediary. All securities issued within the private placement are subject to a four-month and one-day resale restriction period from the closing date of the private placement. The private placement is subject to the TSX Venture Exchange approval and any other applicable regulatory approvals.