Blackline Safety Corp. announced a non-brokered private placement to issue 2,469,135 common shares at an issue price of CAD 4.05 per share for the gross proceeds of CAD 9,999,996.75 on May 22, 2024. The transaction will include participation from returning investor DAK Investments Corp.

The closing of the Offering and Concurrent Private Placement is scheduled to occur on or about June 12th, 2024, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the Toronto Stock Exchange and the securities regulatory authorities, and the satisfaction of other customary closing conditions. The securities are restricted to a hold period.