Yorkton Equity Group Inc. announced a non-brokered private placement of unsecured convertible debentures for gross proceeds of up to CAD 250,000 on February 10, 2023. The debentures will be issued at par with an issue price of CAD 1,000 with an interest rate of 8% per annum payable annually to the convertible debenture holders only in cash no later than 30 days from the anniversary date of the closing date of the offering to the maturity date. Each convertible debenture will mature on the date that is five years from the date of issuance of the convertible debenture.

The convertible debenture are convertible into common shares at CAD 0.30 per common share. All securities issued will be subject to a four-month and one-day hold period. The offering may be completed in multiple tranches.

The transaction is subject to the receipt of all necessary regulatory approvals.