G2 Energy Corp. announced a non-brokered private placement of up to 10,000,000 units at a price of CAD 0.05 per unit for aggregate gross proceeds of up to CAD 500,000 on November 2, 2023. Each unit consists of one common share in the capital of the company and one common share purchase warrant.

Each warrant will be exercisable by the warrant holder to acquire one additional common share at a price of CAD 0.08 for a period of 24 months from the closing of the private placement, subject to an acceleration clause whereby if the closing price of the company?s common shares is greater than CAD 0.12 for a period of 10 consecutive trading days on the stock Canadian Securities Exchange then the company may, in its sole discretion, elect to provide written notice to the holder of the warrants that the warrants will expire on the date that is 60 days from the date of the acceleration notice. The company may elect to close the financing in one or more tranches. It is anticipated that insiders of the company may participate in the financing.

The issuance of securities in connection with this financing will be subject to Canadian Securities Exchange approval and the securities will be subject to a statutory hold period of four months plus one day from the date of issuance in accordance with applicable Canadian securities laws. The company may elect to pay a finder's fee to eligible finders in connection with applicable securities laws and CSE policies in connection with this financing.