On January 30, 2024, Geekco Technologies Corporation closed the transaction. The company announced that it has issued 19,999,998 units at a price of CAD 0.035 per unit for maximum gross proceeds of CAD 699,999.93. 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. In connection with the Private Placement, the Corporation paid finders? fees for a total of CAD 2,450 in cash and 70,000 intermediary warrants having the same terms as the Warrants included in the Units to finders which were all at arms? length with the Corporation. The transaction included participation from André Godin subscribed directly to 1,100,714 Units for a gross proceeds of CAD 38,524.99, his previous shareholding on an undiluted and diluted basis was at 0.40% increases to 2.18% on an undiluted basis and to 4.01% on a partly diluted basis and Xavier Harland subscribed directly to 5,000,000 Units for the gross proceeds of CAD 175,000 and his previous shareholding on an undiluted was at 5.28%, 5.53% on a partly diluted basis (increases to 12.14% on an undiluted basis and to 19.30% on a partly diluted basis, after closing of the Private Placement.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 15 placees and 2 existing insiders for 6,100,714 units.