Ovation Science Inc. announced a proposed private placement of up to 4,000,000 units at a price of CAD 0.05 per unit for the gross proceeds of CAD 200,000 on October 3, 2023. Each Unit consists of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase an additional share at a price of CAD 0.05 per share for a two-year term.

The Company will pay a commission of 8% cash and 480,000 broker warrants in connection with this offering.