The Marquie Group, Inc. announced that it has entered into standby equity commitment agreement to issue common shares of the company for gross proceeds of $5,000,000 on October 12, 2022. The transaction includes participation from MacRab, LLC. The issue price shall be 90% of the average of the two lowest volume weighted average prices of the company?s common stock on OTC Pink during the six trading days immediately following the clearing date.

The company also issued warrant to acquire 11,764,706 shares of the company at an exercise price of $0.0085 per share.