MYM Nutraceuticals Inc. (CNSX:MYM) announced non-brokered private placement of 1,428,571 units at a price of CAD 0.0525 per unit for gross proceeds of CAD 75,000 on July 9, 2020. Each unit consists of one common share and one common share purchase warrant, with each warrant exercisable at a price of CAD 0.0875 per share for a period of three years from the issue date. The warrants are subject to an acceleration provision that allows the company to give notice of an earlier expiry date if the company's share price on the Canadian Securities Exchange is equal or greater than CAD 0.175 for a period of 10 consecutive trading days. There were no finders’ fee payable in the transaction. The transaction is subject to the approval of the Canadian Stock Exchange and the securities will be subject to a four-month hold period.