Ionic Brands Corp. announced a non-brokered private placement of up to 10,000,000 units at an issue price of CAD 0.05 per unit for gross proceeds of CAD 500,000 on November 25, 2021. Each unit consists of one common share and one common share purchase warrant. Each warrant will entitle the the holder to acquire one share at a price of CAD 0.07 per share for a period of three years from the date of closing of the transaction. The company may pay finder's fees in the transaction. All securities issued in the transaction have a hold period of four months and one day from the date of issuance. Closing of the transaction is subject to certain conditions customary for transactions of this nature, including, but not limited to, the receipt of all necessary approvals, including the approval of the CSE.