Raise Production Inc. Announces Closing of Shares for Debt Transactions

Calgary, Alberta--(Newsfile Corp. - January 15, 2021) - Raise Production Inc. (TSXV: RPC) ("Raise" or the "Company") announces that following its news release of December 31, 2020, it has received approval of the TSX Venture Exchange for shares for debt transactions to settle an aggregate of $62,108 in indebtedness to certain creditors of the Company, through the issuance of 1,774,502 common shares in the capital of the Company ("Shares") at a deemed price of $0.035 per Share (the "Debt Settlements").