Speakeasy Cannabis Club Ltd. (CSE: EASY) (Frankfurt: 39H) announces it has closed its non-brokered private placement of 4,285,714 Units at a price of $0.70 per Unit for gross proceeds of $3,000,000. Each Unit will be comprised of one common share of the Issuer and one common share purchase warrant of the Issuer. Each Warrant will be exercisable into a common share of the Company at an exercise price of CDN$1.00 with a year expiry.
$19,250 finder’s fees were paid by the Company in connection with this Private Placement.
The proceeds of this private placement are for the Company’s general working capital.
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