Lobe Sciences Ltd. Announces Private Placement for $950,000

Lobe Sciences Ltd. has announced a non-brokered private placement of 14,615,384 common shares at $0.065 each, aiming to raise approximately $950,000. The company plans to use the funds for working capital and general corporate expenses. The placement is pending regulatory approvals, including Exchange acceptance. The issued securities will be subject to a four-month hold period as per Canadian securities laws.

These securities will not be registered under the U.S. Securities Act of 1933 and will not be available for sale in the United States. Lobe emphasizes that this release doesn't constitute a sale offer in any jurisdiction where it's prohibited.