Simply Solventless Concentrates Ltd. announced a non-brokered private placement of up to 14,000,000 units at an issue price of CAD 0.25 per Unit for aggregate gross proceeds of up to CAD 3,500,000 on June 25, 2024. Each Unit consists of one common share and one-half of one common share purchase warrant. each whole warrant being exercisable for one common share at a price of CAD 0.40 per share for a period of two years from the date of issue.

All securities issued under the financing will be subject to a hold period expiring four months and one day from the date of issue. The financing is expected to close on or around July 5, 2024. The financing is subject to the approval of the TSXV.