KDA Group Inc. announced a private placement to issue 11,250,000 units at an issue price of CAD 0.10 per unit for the gross proceeds of CAD 1,250,000 on December 8, 2023. Each Unit consists of one Class A Share and one Common share purchase warrant. Each Warrant entitles the holder to purchase one additional Common share of the Corporation at an exercise price of CAD 0.15 per Common share for a period of 24 months ending December 8, 2025.

The transaction included participation from accredited investors. All securities issued pursuant to the Private Placement are subject to a mandatory four-month and one day hold period expiring on April 9, 2024 in accordance with applicable securities regulations. No finder?s fee nor commission are payable in connection with the Private Placement.

The Private Placement was carried out pursuant to prospectus exemptions of applicable securities laws and is subject to final acceptance by the TSX Venture Exchange. The TSX Venture Exchange has accepted for filing documentation with respect to anon-brokered private placement announced on December 8, 2023. The transaction included participation from 20 placees.