Swarmio Media Holdings Inc. announced that it has received CAD 802,275 in secured debt from various private lenders. The debt is repayable on demand by the lenders at any time on or after the earlier of November 30, 2022 or the date on which the company closes an
equity financing with gross proceeds of at least US$2,000,000. Lenders of this debt also received common share purchase warrants entitling them to acquire an aggregate of 8,022,750 common shares at CAD 0.05 per share for up to 5 years. All securities issued are subject to a four month and one day hold period.