On October 28, 2021 Pascal Biosciences Inc. reported a non-brokered private placement financing of up to 9,000,000 units (each a "Unit") of securities at a price of $0.10 per Unit for aggregate gross proceeds of up to $900,000.00 (the "Offering") (Press release, Pascal Biosciences, OCT 28, 2021, View Source [SID1234596244]). Each Unit will be comprised of one (1) common share and one (1) non-transferable common share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share at a price of $0.15 for two years from the closing date of the private placement. The exercise term of the warrant will be accelerated in the event the closing price of the Shares is above $0.20 for ten consecutive days and will be exercisable for a period of 15 days from the date of receipt by investors of a Notice of Acceleration. Finder’s fees of up to 10% may be paid.

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The Company is continuing with the process of raising the funds and has filed for conditional acceptancy by the TSX.V

All securities issued will be subject to a four month holding period which will expire on the date that is four months and one day from the date of issue.

Our agreement with SoRSE Technology, which was initiated August 15, 2020, was completed on Nov. 15.