ApartmentLove Update on Share Subscription Facility

TORONTO, Dec. 4, 2023 /CNW/ - APARTMENTLOVE INC. (CNSX:APLV.CN) (OTC-BB:APMLF) ("ApartmentLove", or the "Company"). Further to the Company's previous announcement on September 29, 2023, of its share subscription arrangement (the "Share Subscription Agreement") with GEM Global Yield LLC SCS ("GGY"), the Company did not close on any drawdowns under the Share Subscription Agreement within the 45-day offering period prescribed by Section 5A.4(2) of National Instrument 45-106 – Prospectus Exemptions ("NI 45-106"). In accordance with Part 5A of NI 45-106, the Company is therefore announcing that it intends to issue common shares of the Company ("Common Shares") under the Share Subscription Agreement (the "Offering") pursuant to the Listed Issuer Financing Exemption under Part 5A of NI 45-106. Because the Offering is being completed pursuant to the Listed Issuer Financing Exemption, the Common Shares so issued will not be subject to a statutory hold period pursuant to applicable Canadian securities laws.