Visionstate Corp. announced a private placement of up to 25,000,000 units at a price of CAD 0.02 per unit for gross proceeds of up to CAD 500,000 on June 19, 2024. The transaction is subject to regulatory approval.

Each unit is comprised of one common share and one common share purchase warrant, whereby each warrant entitles the holder to purchase one additional common share at a price of CAD 0.05 per common share for a period of two years following the date of closing, subject to an acceleration clause. The securities issued under the Placement are subject to a four-month plus one day hold period from the date of closing.