Global Compliance Applications Corp. announced a non brokered private placement to issue 2,575,000 units at an issue price of CAD 0.02 per unit for the gross proceeds of CAD 51,500 on May 31, 2024. Each unit will consist of one common share and one share purchase warrant.

Each warrant will entitle the holder thereof to acquire one additional share at a price of CAD 0.05 per warrant share for a period of 24 months from the date of distribution. Closing of the offering is expected to occur as soon as practicable and may occur in one or more tranches. It is currently anticipated that all securities issued in connection with the offering and debt settlement will be subject to a statutory hold period of four months and one day following the date of issuance, in accordance with applicable Canadian securities laws.