PHILADELPHIA, PA - TheNewswire - November 15, 2023 - VSBLTY Groupe Technologies Corp. (the “Company” or “VSBLTY”) (OTC:VSBGF) (CSE:VSBY) (Frankfurt:5VS), is pleased to announce that it will proceed with a brokered private placement of up to 17,386,600 units of the Company (the “Units”) at $0.16 per Unit for gross proceeds of up to approximately $2,781,856(the “Offering”). Each Unit will consist of one common share in the capital of the Company (a “Share”) and one transferrable common share purchase warrant (a “Warrant”). Each Warrant will entitle the holder to purchase one additional Share at a price of $0.20 for a period of 36 months from the closing of the Offering. 

TriView Capital Ltd. (“TriView”) will act as lead broker and book-runner for the Offering. The Company has agreed to pay cash commissions equal to 8% of the gross proceeds of the Offering and to issue that number of broker warrants (the “Broker Warrants”) equal to 8% of the number of Units sold in the Offering. Each Broker Warrant will be exercisable to purchase one Share for a period of 36 months from the Closing Date at an exercise price of $0.20. Moneta Advisory Partners (Vancouver) Corp. (“Moneta”) will act as corporate finance advisor to the Company.

The Company will use the net proceeds from the Offering for general corporate purposes.

Closing of the Offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including the CSE. All securities issued in connection with the Offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation. The Offering is not subject to a minimum aggregate amount of subscriptions.