Ocumetics Technology Corp. announced a non-brokered private placement of up to 3,125,000 units of at a price of CAD 0.32 per unit for gross proceeds of up to CAD 1,000,000 on November 15, 2023. Each unit will consist of one common share and one-half of one common share purchase warrant.

Each whole warrant will entitle the holder to purchase one additional common share at an exercise price of CAD 0.64 for a period of two years from the date of issuance of the warrant. The company may pay finder?s fees on all or a portion of the private placement to eligible persons seeking subscribers to the financing, all in accordance with applicable securities laws and the policies of the TSX Venture Exchange.