Peekaboo Beans Inc. (TSXV:BEAN) announced a brokered private placement of up to 2,000,000 units at a price of CAD 0.75 per unit for gross proceeds of CAD 1,500,000 on January 23, 2018. Each unit will be comprised of one common share and one half of one common share purchase warrant. Each warrant will be exercisable into one common share of the company at a price of $1.00 for a period of 24 months following closing of the offering. The exercise period of each warrant may be accelerated by the company if during the term of the warrant the volume weighted average price of the company’s common shares on the TSX Venture Exchange is equal to or greater than $1.25 over a period of 10 consecutive trading days. The company has also granted the placement agents an option to increase the size of the transaction by up to 2,000,000 units. The transaction is expected to close on or about February 28, 2018, and is subject to approval of the TSX Venture Exchange and customary closing conditions for brokered financings.