ALUULA Composites Inc. Announces Bought Deal Financing

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VICTORIA, British Columbia, June 19, 2023 (GLOBE NEWSWIRE) -- ALUULA Composites Inc. (TSX-V: AUUA) (“ALUULA” or the “Company”) announces that it has entered into an agreement with Haywood Securities Inc. (“Haywood”), pursuant to which Haywood has agreed to purchase itself or via substitute purchasers, on a bought deal private-placement basis, 20 million units of the Company (the “Units”) at a price of C$0.15 per Unit (the “Issue Price”), for total gross proceeds of C$3.0 million (the “Bought Deal Offering”).