Beacn Wizardry and Magic Inc. announced a non-brokered private placement of up to 4,000,000 units of the company at a price of CAD 0.25 per unit for gross proceeds of up to CAD 1 million on November 8, 2022. Each unit will be comprised of one common share and one non-transferable common share purchase warrant. Each warrant will entitle the holder to purchase one additional share for a period of 3 years from the closing of the transaction for CAD 0.45.

The closing of the transaction is expected to occur in mid-November 2022 and is subject to receipt of all necessary regulatory approvals including the TSX Venture Exchange. Finder's fees of up to 7% in cash and 7% in warrants will be paid to eligible parties at the discretion of the company. Each finder's warrant will entitle the holder to purchase one additional share for a period of two years from the closing of the transaction for CAD 0.25.

All of the securities issued with respect to the transaction will be subject to a hold period of four months and one day.