Tribe Property Technologies Inc. announced a non-brokered private placement of up to 4,807,693 units of the company at a price of CAD 0.52 per share for the gross proceeds of CAD 2,500,000 on June 10, 2024. Each unit will consist of one common share of the Company and one-half of one common share purchase warrant. Each Warrant will entitle the holder to purchase one common share of the company at a price of CAD 0.82 at any time on or before that date which is 60 months after the closing date of the offering.

The Company may pay a cash finders' fees of up to 7.0% of the aggregate gross proceeds of the Offering to eligible parties who have assisted in introducing subscribers to the Offering. In addition, the Company may issue Common Share purchase warrants of up to 7% of the number of Units issued to investors directly introduced to the Company by eligible finders, with each Common Share purchase warrant exercisable into one Common Share at a price of CAD 0.82 per Common Share for a period of 60 months. Closing of the Offering remains subject to the approval of the TSX Venture Exchange.