Green Impact Partners Inc. announced that it has entered into a subscription agreement for a non-brokered private placement of 1,000,000 common shares at a price of CAD 10 per share for the gross proceeds of CAD 10 million on June 26, 2023. The transaction included participation from returning investor, Encompass Capital Advisors LLC and five placees. Completion of the private placement is subject to all regulatory approvals, including acceptance of the TSX Venture Exchange.

All securities issued in connection with the private placement will be subject to a hold period of four months and one day from the date of closing. TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement.