oceansix Future Paths Ltd. Announces Private Placement of Units for Gross
Proceeds of up to CDN $3 Million with Material Insider Participation

EQS-News: oceansix future paths Ltd. / Key word(s): Capital Increase/Capital
Increase
oceansix Future Paths Ltd. Announces Private Placement of Units for Gross
Proceeds of up to CDN $3 Million with Material Insider Participation (news
with additional features)

11.06.2024 / 10:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

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This News Release is Not for Dissemination in the United States or for
Distribution to U.S. Wire Services.

oceansix Future Paths Ltd. Announces Private Placement of Units for Gross
Proceeds of up to CDN $3 Million with Material Insider Participation

June 11, 2024, Toronto, Canada - oceansix Future Paths Ltd. ("oceansix" or
the "Company") (TSXV: OSIX) is pleased to announce the initiation of a
non-brokered private placement of up to 33,333,333 Units at a price of CDN
$0.09 per Unit, to raise aggregate gross proceeds of up to $3,000,000 (the
"Offering"). Each Unit will be comprised of one common share (the "Shares")
and one share purchase warrant (the "Warrants"). Each Warrant will entitle
the holder to acquire one additional common share (the "Warrant Shares") in
the capital of the Company at an exercise price of CDN $0.12 per Warrant
Share until December 31, 2024.

Material Insider Participation

RAM.ON GmbH, a control person of the Company has agreed to subscribe for, at
a minimum, approximately 6,111,111 Units in the Offering for an aggregate
subscription price of approximately $550,000. In addition, if any amount of
the Offering is unsubscribed following the participation of other investors,
including those participating under the Existing Securityholder Exemption
(see below), RAM.ON GmbH has agreed to subscribe for the balance of the
Offering.

Prospectus Exemptions and Existing Shareholder Participation

In addition to other prospectus exemptions commonly relied upon in private
placements, including the accredited investor exemption, the Offering will
be made available to existing shareholders of the Company who, as of the
close of business on June 10, 2024 (the "Record Date"), held common shares
of the Company (and who continue to hold such common shares as of the
closing date), pursuant to the prospectus exemption available under Ontario
Securities Commission Rule 45-501 - Ontario Prospectus and Registration
Exemptions and equivalent provisions of applicable securities laws in other
jurisdictions of Canada (the "Existing Security Holder Exemption"). Under
the Existing Security Holder Exemption, existing shareholders that do not
qualify as accredited investors are limited to a maximum investment of CDN
$15,000 in a 12-month period unless the shareholder has obtained advice
regarding the suitability of the investment and, if the shareholder is
resident in a jurisdiction of Canada, that advice has been obtained from a
person that is registered as an investment dealer in the jurisdiction. If
the Company receives subscriptions from investors relying on the Existing
Security Holder Exemption exceeding the maximum amount of the Offering, the
Company intends to adjust the subscriptions received on a pro- rata basis.

Use of Proceeds

The Company intends to use the net proceeds from the Offering for
post-closing opportunities associated with the Company's recent acquisition
of the assets of RePack OY, for the repayment of debt, and for general
working capital purposes.

Instructions and Timeline for Existing Shareholders

If you are an existing shareholder of the Company as of the Record Date who
is interested in participating in the Offering, please contact Elad Hameiri
for further information:

elad@oceansix.com | +34 673 435 571

Avinguda de l'Albufera, 7, 46460 Silla, Valencia, Spain

Participation under the Existing Shareholder Exemption will be open from the
date of this news release until June 25, 2024, with all required
documentation to be provided to the Company on or before such date. If you
are a shareholder of oceansix who held common shares on the Record Date and
wish to participate in the Offering, please contact the Company on or before
such date.
Certain related parties of the Company, including RAM.ON GmbH, may
participate in the Offering. Any participation of related parties will
constitute a "related party transaction" within the meaning of Multilateral
Instrument 61-101 - Protection of Minority Security Holders in Special
Transactions ("MI 61- 101"). The Company intends to rely on exemptions from
the formal valuation and minority shareholder approval requirements provided
under subsections 5.5(a) and 5.7(a) of MI 61-101 on the basis that
participation in the Offering by Insiders will not exceed 25% of the fair
market value of the Company's market capitalization, as well as certain
other available exemptions. However, under Israeli company law, any
subscription by a related party will require shareholder approval, which, if
required, would most likely be sought at the Company's upcoming annual
shareholders meeting, scheduled to take place on July 18, 2024

The Offering may close in one or more tranches as subscriptions are
received. A first tranche closing of the Offering is expected to occur on or
about June 28, 2024. The issuance of the Units will be subject to the
satisfaction of certain conditions, including, but not limited to, the
receipt of all necessary regulatory and other approvals, including approval
by the Exchange. The Shares, Warrants, and any Warrant Shares issued upon
exercise of the Warrants will be subject to a hold period of four months and
one day from the date of the issuance of the Units.

The Units, Shares, Warrants and Warrant Shares will not be registered under
the United States Securities Act of 1933, as amended (the "U.S. Securities
Act") and may not be offered or sold within the United States or to or for
the account or benefit of U.S. persons, except in certain transactions
exempt from the registration requirements of the U.S. Securities Act. This
press release does not constitute an offer to sell or the solicitation of an
offer to buy securities of the Company in the United States.

About oceansix

oceansix Future Paths Ltd. remains at the forefront of creating sustainable
solutions that not only convert waste into valuable products but also
advocate the principles of a circular economy. Oceansix's unwavering
commitment to sustainability is intensified by its strategic alliance with
RePack, magnifying its impact on global environmental challenges.

Disclaimer

This press release might include forward-looking statements based on current
expectations and projections about future events. Generally, forward-looking
statements and information may be identified by formulations using terms
such as "expects", "aims", "anticipates", "intends", "plans", "believes",
"seeks", "estimates" or "will".These are subject to risks, uncertainties,
and changes in circumstances that may cause actual results to differ
materially from those expressed or implied by such statements. In this press
release, forward looking statements include statements regarding the
participation in the Offering by RAM.ON GmbH, the use of proceeds from the
Offering, the reliance on exemptions from the formal valuation and minority
shareholder requirements under MI 61-101, the closing of the Offering, and
obtaining Exchange approval for the Offering.

Approval & Accuracy

Neither TSX Venture Exchange nor its Regulation Services Provider (as
defined in the policies of the TSX Venture Exchange) assumes responsibility
for the adequacy or accuracy of this press release.

Best regards

Elad Hameiri, CEO oceansix future paths Ltd

Investor Relations

RB MilestoneGroup LLC (RBMG) oceansix@ rbmilestone.com


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Additional features:

File: https://eqs-cockpit.com/c/fncls.ssp?u=cd331729a52905dc6bf10171e9427d7e
File description: PR Capital Increase oceansix Future Paths Ltd. June 24

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