Deveron Announces Private Placement Financing

Toronto, Ontario – Deveron Corp. (TSX-V: FARM) (“Deveron” or the “Company”) a leading agriculture digital services and analytics provider in North America, is pleased to announce a non-brokered private placement financing for gross proceeds of $3,500,000 through the issuance of 5,384,615 units in the capital of the Company (the “Units”) at a price of $0.65 per Unit (the “Offering”). Each Unit is comprised of one common share in the capital of the Company (each, a “Common Share”) and one-half of one whole Common Share purchase warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder thereof to acquire one Common Share at a price of $0.85 per Common Share for a period of two (2) years from the date of issuance. Gross proceeds raised from the Offering will be used for working capital and general corporate purposes.

Closing of the Offering is subject to receipt of all necessary corporate and regulatory approvals, including the approval of TSX Venture Exchange.  All securities issued in connection with the Offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation.

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