TrustBIX Inc. announced a non-brokered private placement to issue 5,000,000 units at an issue price of CAD 0.02 per unit for the gross proceeds of CAD 100,000 on August 14, 2023. Each Unit is comprised of one common share and one Common Share purchase warrant, whereby each Warrant entitles the holder to purchase on Common Share at a price of CAD 0.05 for period of one year from the date of closing. The securities issued under the Private Placement are subject to a four-month plus one day hold period from the time of closing of the Private Placement.

The transaction is subject to regulatory approval.