Bearclaw Capital Corp. announced a non-brokered private placement of up to 1,305,000 units at issue price of CAD 0.165 per unit for gross proceeds of CAD 215,325 on March 9, 2021. Each unit consists of one common share and one half of a share purchase warrant. Each warrant entitles the holder to purchase one additional common share of the company at a price of CAD 0.22 per share for a period of 12 months from the closing of the transaction. All the securities issued in the transaction are subject to a hold period of four months and one day from the closing of the transaction. The closing of the transactions are subject to number of conditions including receipt of all regulatory approvals including approval of NEX Exchange and approval by the TSX Venture Exchange.