Sproutly Canada Inc. (CNSX:SPR) announced a private placement of units on March 15, 2021. Each unit consisting of one common share and one non-transferable common share purchase warrant. Each warrant entitles the holder to acquire an additional common share at an exercise price of CAD 0.07 for a period of two years from the date of issue. All securities issued in connection with the private placement are subject to a four month and a day transfer restriction from the date of issuance. The transaction is subject to the approval of the Canadian Securities Exchange. The company paid finder's fess of CAD 24,862.50 through issuance of 497,250 units. On the same date, the company issued 11,050,000 units at a price of CAD 0.05 for gross proceeds of CAD 552,500 in its first tranche.