Visionstate Corp. announced a non-brokered private placement of up to approximately 12,500,000 common shares at a price of CAD 0.04 per share for gross proceeds of CAD 500,000 on June 24, 2022. The transaction will include one full warrant at CAD 0.05 for every common share purchased, with an expiry date 24 months after the closing of the private placement.

The transaction is subject to regulatory approval.