Enlighta Inc. announced a non-brokered private placement of up to 11,800,000 common shares at a price of CAD 0.055 per common share for gross proceeds of up to CAD 649,000 on June 7, 2022. The transaction included participation from returning individual investor, Dr. Bruno Wu holding of 16,036,052 common shares for 48.42% stake. The issuance of common shares in connection with the private placement will be subject to approval by at least two-thirds of its independent directors approval and exchange and/or other regulatory approval.

The securities issued are subject to a hold period of four months from the date of issuance.