PetroSun, Inc. announced that it has entered into an Stock Purchase Agreement with an existing investor for a private placement of 28,600,000 common shares at a price of $0.25 per share for gross proceeds of $7,150,000 on February 9, 2022. The transaction will take place in two tranches that will close during the next two quarters and the share purchase price will be equal to the lesser of $0.25 or a volume-weighted average trading price.