Kiaro Holdings Corp. announced a non-brokered private placement of up to 10,000,000 units at a price of CAD 0.05 per unit for gross proceeds of up to CAD 500,000 on October 3, 2022. Each unit will comprise one common share and one common share purchase warrant of the company.

Each warrant will be exercisable into a common share of the company for a period of 24 months at an exercise price of CAD 0.05 for 24 months from issuance.