SpotLite360 IOT Solutions, Inc. Closes Private Placement

January 20, 2023

DENVER and VANCOUVER, British Columbia and TORONTO, Jan. 20, 2023 (GLOBE NEWSWIRE) — SPOTLITE360 IOT SOLUTIONS, INC. (“SpotLite360” or the “Company”) (CSE: LITE) (OTC: SPLTF) (Frankfurt: 87A) announces that further to the news release dated January 12, 2023, it has closed an offering of 5,000,000 units of the Company (the “Offer Units”) at a price of C$0.10 per Offer Unit for gross proceeds of $500,000. Each Offer Unit consisted of one (1) common share and of one common share purchase warrant, each whole common share purchase warrant being exercisable to purchase an additional common share for a period of two years from closing at a price of C$0.12 (the “Offering”).

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