Cliffside Capital Ltd. announced a private placement of 22,500,000 units at a price of CAD 0.20 per unit for gross proceeds of CAD 4,500,000 on June 14, 2021. Each unit consists of one common share and one-quarter of one share purchase warrant. Each warrant will entitle the holder to acquire additional one common share at an exercise price of CAD 0.20 for a period of three years. Insiders of the company have conditionally agreed to subscribe for up to CAD 2,000,000 of Units under the Offering. The company intends to close the transaction on or before June 25, 2021. The transaction is subject to a number of conditions including, but not limited to, obtaining TSX Venture Exchange approval.