Poko Innovations Inc. announced a non-brokered private placement of 16,250,000 common shares at a price of CAD 0.04 per share for gross proceeds of CAD 650,000 on August 15, 2022. All the securities issued in the transaction will subject to a statutory hold period of four months plus a day from the date of closing of each tranche of the transaction in accordance with the applicable securities legislation.

On the same date, the company issued 6,472,950 shares for gross proceeds of CAD 258,918 in its first tranche. The transaction included participation from new investor 108 Susses, LLC.