KMT Hansa Corp. announced a non-brokered private placement of 10,000,000 units at an issue price of CAD 0.025 per unit for gross proceeds of CAD 250,000 on February 23, 2023. Each unit shall consist of one common share in the capital of the corporation and one common share purchase warrant.

Each warrant will entitle the holder thereof to acquire one common share of the company at a price of CAD 0.05 per warrant share for a period of 60 months following the date of issuance. The transaction is subject to all necessary regulatory approvals. The securities being issued in the private placement will be subject to a four-month hold period in accordance with applicable Canadian securities laws.