Lords & Company Worldwide Holdings Inc. announced a private placement of units on February 16, 2022.

On the same date the company issued 2,236,181 units at a price of CAD 0.11 per Unit for gross proceeds of CAD 245,979.97 in its first tranche. Certain insiders of the company subscribed for an aggregate 368,181 units for gross proceeds of CAD 40,499.97 in the transaction. Each Unit consists of one share and one transferable Share purchase warrant. Each Warrant entitles the holder thereof to purchase one additional Share of the Company for a period of two years from closing at a price of CAD 0.20 per Share, expiring February 16, 2024 and are subject to an acceleration clause that may be triggered in the event that, at any time after June 17, 2022, the closing price of the Company's Shares on the Canadian Securities Exchange is at or above CAD 0.20 per Share for a period of ten consecutive trading days, in which event the company may accelerate the expiry date by giving notice, by way of news release or written notice, and in such case the expiry date will be the first day which is not a Saturday, Sunday, or civic or statutory holiday in the municipality of Vancouver, British Columbia, after the day that is thirty days after the date on which such notice is given by the Issuer announcing the triggering event. Under the first tranche, the company paid finders fees of CAD 15,998.40 in cash and issued 145,440 compensation warrants to Haywood Securities Inc. Each compensation warrant entitles the holder thereof to purchase one additional share of the company for a period of two years from closing at a price of CAD 0.20 per share, expiring February 16, 2024, and are subject to the acceleration provision. All securities issued under the first tranche closing are subject to a statutory hold period of four months and a day expiring on June 17, 2022.