Ocean Shore Capital Corp. announced a private placement of units at an issue price of CAD 0.12 per unit for proceeds of CAD 2,000,000 on May 1, 2023. Each unit will consist of one common share and one share purchase warrant, exercisable at CAD 0.20 per share for a period of 24 months.

The transaction is conditional upon exchange approval and concurrent completion of the transaction. The company anticipates that any agent will be paid a corporate finance fee and an 8% cash commission and 8% broker warrants. Each broker warrant will be exercisable for one DelicaWash Share at an exercise price of CAD 0.20 per DelicaWash Share for a period of 24 months following the date of issuance of thereof.