Mobio Technologies Inc. (TSXV:MBO) announced of a non-brokered private placement of up to 14,666,667 units at an issue price of CAD 0.075 for gross proceeds of CAD 1,100,000 on January 14, 2019. Each unit will be comprised of one common share and one-half of one common share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share at a price of CAD 0.10 for two years from closing of the transaction. The expiry date of the warrants may be accelerated by if the common shares of the company achieve a volume weighted average trading price greater than CAD 0.20 for twenty consecutive trading days. The company will pay finders’ fees are payable on a portion of the transaction, in cash and finders’ warrants, each equal to five percent of the amount placed by the finder. The finders’ warrants will be exercisable for one year at a price of CAD 0.10 per finders’ warrant unit. The securities issued in the transaction are subject to a four-month hold period. The transaction is subject to all necessary regulatory approvals.