Oceansix Future Paths Ltd. announced a non-brokered private placement of up to 33,333,333 Units at a price of CAD 0.09 per Unit, to raise aggregate gross proceeds of up to CAD 3,000,000 on June 11, 2024. The transaction includes participation from new investor, RAM.ON GmbH and other investors. Each Unit will be comprised of one common share and one share purchase warrant.

Each Warrant will entitle the holder to acquire one additional common share in the capital of the Company at an exercise price of CAD 0.12 per Warrant Share until December 31, 2024. RAM.ON GmbH will subscribe for approximately 6,111,111 Units in the Offering for an aggregate subscription price of approximately CAD 549,999.99. The Offering may close in one or more tranches as subscriptions are received.

A first tranche closing of the Offering is expected to occur on or about June 28, 2024. The issuance of the Units will be subject to the satisfaction of certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals, including approval by the Exchange. The Shares, Warrants, and any Warrant Shares issued upon exercise of the Warrants will be subject to a hold period of four months and one day from the date of the issuance of the Units.