Beacn Wizardry and Magic Inc. announced a non-brokered private placement of up to 5,000,000 units at a price of CAD 0.20 per unit for gross proceeds of up to CAD 1,000,000 on July 4, 2023. Each unit will comprise 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 three years from the closing of the offering for CAD 0.45.

At the option of the investor and with the approval of the company, the share may be designated an eligible business corporation share (an EBC share) and if so designated the investor will be eligible for a 30-per-cent tax credit. If elected, there will be restrictions on the sale of the EBC shares for a period of five years. The warrant will not be EBC eligible.

Directors and officers of the company and shareholders owning more than 10 per cent of the company's common shares may participate in the offering for a yet-to-be-determined amount. The closing of the offering is expected to occur in mid-July, 2023, 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 offering for CAD 0.20. Except for EBC shares, all of the securities issued with respect to the offering will be subject to a hold period of four months and one day in accordance with applicable securities laws. EBC shares will be subject to a hold period of four months and one day in accordance with applicable securities laws and in addition will be subject to restrictions on sale for a period of five years.

The company may close the offering in more than one tranche.