Reflex Advanced Materials Corp. announced a non-brokered private placement of 10,000,000 units at a price of CAD 0.10 per unit for gross proceeds of up to CAD 1,000,000 on December 15, 2023. Each unit will be comprised of one common share and one common share purchase warrant, with each warrant exercisable to acquire one common share at a price of CAD 0.15 per warrant share for a period of twenty-four months from the date of issuance.

All securities issued in the offering will be subject to a statutory hold period of four month and one day. The company may pay finder?s fees in connection with the offering. The closing of the offering is subject to receipt of all regulatory approvals, including approval of the Canadian Securities Exchange.