Railtown Capital Corp. announced a non-brokered private placement of up to 10,000,000 common shares at a price of CAD 0.10 per share for the gross proceeds of CAD 1,000,000 on October 25, 2023. All the securities issued pursuant to the offering will be subject to a hold period under applicable securities laws in Canada expiring four months and one day from the closing date of the offering.

The transaction is subject to certain closing conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSXV. The company may pay a cash finders' fee of up to 7% of gross proceeds raised from investors introduced to the Offering by eligible registrants and finders.