Delivra Corp. (TSX-V: DVA) has completed a non-brokered private placement through the issuance of 3,561,423 units of the Company for gross proceeds of $1,246,498.20.

Each Unit consists of one common share of the Company and one share purchase warrant. Each whole Warrant will entitle the holder to purchase one Share at a price of $0.50 per Share for 24 months from the date of closing, subject to the option of the Company, in the event that the closing price of Shares on the TSX Venture Exchange equals or exceeds $0.90 per Share for 10 consecutive days, to accelerate the expiry of the Warrants to 30 days after acceleration notice.

In connection with the Offering, the Company paid to eligible institutional finders a commission consisting of a cash payment of $62,770.05 and the issuance to the finders of 179,343 finders’ warrants exercisable into Shares at $0.35 per finders’ warrant for a period of 24 months following closing of the Offering, subject to the Acceleration Option.

The proceeds of the Offering will be used for general corporate purposes.

The Offering is subject to the approval of the TSXV. Shares and Warrants issued pursuant to the Offering will be subject to a hold period of four months and one day from the date of closing.

About Delivra Corp.

Delivra Corp. is a specialty biotechnology company having developed a proprietary transdermal delivery system platform that can shuttle pharmaceutical and natural molecules through the skin, in a targeted manner. Delivra manufactures and sells a growing line of natural topical creams with the proprietary transdermal delivery system platform under the LivRelief™ brand, for conditions such as joint and muscle pain, nerve pain, varicose veins, wound healing, and under the LivSport™ brand for sports performance. LivRelief™ products are available in pharmacies, grocery chains, and independent health food stores across Canada, including, but not limited to, Shoppers Drug Mart, Walmart, Loblaw, Rexall, Pharmasave, London Drugs, and on-line at www.livrelief.com. In parallel with its consumer products business, Delivra also has a mandate to license its patent-pending, proprietary transdermal delivery technology platform to pharmaceutical companies globally, for the repurposing of pharmaceutical molecules transdermally to treat a broad range of conditions, along with licensing its over-the-counter products globally. Delivra is headquartered in Hamilton, Ontario and has a research and development laboratory in Charlottetown, PEI.