BIOVAXYS ANNOUNCES PLANNED PRIVATE PLACEMENT AND DEBT SETTLEMENT

VANCOUVER, BC, July 23, 2024 /PRNewswire/ — BioVaxys Technology Corp. (CSE: BIOV) (FRA: 5LB) (OTCQB: BVAXF) (“BioVaxys” or the “Company“) announces that it intends to complete a non-brokered private placement (the “Private Placement“) consisting of up to 10,000,000 units (“Units“) at a price of $0.05 per Unit for total gross proceeds of CAD $500,000, before deducting any offering-related expenses. Each Unit consists of one common share (a “Common Share“) and one whole Common Share purchase warrant (a “Warrant“). Each Warrant is exercisable for one additional Common Share at an exercise price of $0.15 for a period of 24 months. Closing of the proposed financing is expected to occur on or before July 31st, 2024.

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