RYU Apparel Inc. (TSXV:RYU) announced a non-brokered private placement of up to 80,000,000 units at a price of CAD 0.10 per unit less the maximum discount of 25% for gross proceeds of up to CAD 6,000,000 on January 23, 2019. Each unit will be comprised of one common share and one transferable common share purchase warrant being exercisable into one common share at a price of CAD 0.15 per share for a period of three years from closing. Warrants are subject to acceleration clause. The maximum discount of 25% is permitted under TSX Venture Exchange policies in one or more tranches. All securities issued pursuant to the transaction will be subject to a statutory hold period expiring four months and one day after closing of the transaction. Completion of the transaction is subject to a number of conditions, including, without limitation, receipt of all regulatory approvals, including approval of the Exchange.