Grounded People Apparel Inc. announced a non brokered private placement to issue 2,621,579 units at a price of CAD 0.38 per unit for the gross proceeds of CAD 996,200.02 on December 19, 2023. Each Unit will consist of one common share and one common share purchase warrant. Each Warrant will entitle the holder, on exercise, to purchase one Share for a period of five years following the closing date of the Financing at the exercise price of CAD 0.50 per Share.

The Company does not anticipate paying any finder?s fees related to the Financing. Closing of the proposed Financing is anticipated to occur on or about December 27, 2023, and the Financing remains subject to certain conditions including, but not limited to, receipt of all necessary approvals including the approval of the Canadian Securities Exchange. Pursuant to applicable securities laws, all securities issued under the Financing will be subject to a statutory hold period of four months and one day.