GresAVAIL, Inc announceda private placement of 9,000 common shares on August 13, 2019. The transaction will include participation from E-Guardian Inc. (TSE:6050). The shares will be issued through third party allotment. Post completion of transaction, the investor will acquire 64.3% stake in the company. The transaction is expected to close on August 20, 2019. The transaction has been approved by the shareholders of the investor.