NFT Technologies Inc. announced a non-brokered private placement of up to 20,000,000 units at the price of CAD 0.05 per unit for gross proceeds of up to CAD 1,000,000 on February 23, 2023. Each unit will consist of one common share of the company and one-half of one purchase warrant. Each whole warrant is exercisable into one common share at the price of CAD 0.10 per share for a period of six months following the closing of the transaction.

The transaction is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals including the approval of the NEO Exchange. All securities to be issued pursuant to the transaction will have a hold period of four months and one day from the closing of the transaction.