Newtopia Announces Closing of $746,500 Offering

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TORONTO, Feb. 29, 2024 /CNW/ - Newtopia Inc. ("Newtopia" or the "Company") (TSXV:NEWU.VN) (OTCQBL NEWUF), a tech-enabled habit change provider focused on preventing, slowing and reversing chronic disease, is pleased to announce that it has closed a brokered private placement offering of 14,430,000 units of the Company (the "Units") at a price of $0.05 per Unit (the "Offering Price") for aggregate gross proceeds of $721,500 (the "Brokered Offering"). The Offering was conducted through Bloom Burton Securities Inc. (the "Agent"). Each Unit is comprised of one common share in the capital of the Company (each a "Common Share") and one Common Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant is exercisable to acquire one Common Share at an exercise price of $0.10 per Common Share, subject to adjustments in certain events, until March 1, 2027.