Grand Peak Capital Corp. announced a non-brokered private placement of up to 30,000,000 units at a price of CAD 0.12 per unit for gross proceeds of up to CAD 3,600,000 on May 4, 2021. Each unit will consist of one common share and one common share purchase warrant.

Each warrant entitles the holder to purchase one additional common share of the company at a price of CAD 0.16 per common share for a period of two years from the closing date. The company may pay a finder's fee in the transaction. All the securities issued in the transaction will be subject to a statutory hold period.