PeakBirch Logic Inc. (CNSX:PKB) announced a non-brokered private placement of units at an issue price of CAD 0.06 per unit on April 22, 2021. Each unit consists of one common share and one-half of a common share purchase warrant. Each full warrant entitles the holder thereof to purchase one additional common share at CAD 0.07 per common share for two years from the closing of the transaction. The securities issued will be subject to a four-month hold period under securities laws. On the same date, the company issued 2,058,000 units at a price of CAD 0.06 per unit for aggregate gross proceeds of CAD 623,480 in its first tranche. No finders fees were paid pursuant to the transaction. The company expects to close additional tranches under the offering and has filed a price reservation in respect of the issuance of additional securities at the offering price.