SWMBRD Sports Inc. announced a non-brokered private placement of up to 41,340,000 units at a price of CAD 0.03 per unit for the gross proceeds of CAD 1,240,200 on October 12, 2023. Each unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder to acquire one additional common share at a price of CAD 0.05 per share, for a period of two years from the date the units are issued.

The company may increase or decrease the size of the offering in its sole discretion. The offering will be non-brokered, but the company may, as determined in its sole discretion, pay reasonable customary brokers' and/or finders' fees, as applicable, in connection with the completion of the offering. All securities issued pursuant to the offering will be subject to applicable resale restrictions, including a four-month hold from the date of issuance.