RYAH Group, Inc. announced a private placements of up to 303,933 units at a price of CAD 0.09 per share for aggregate gross proceeds of up to CAD 27,354 on September 28, 2021. The transaction is expected to close on September 30, 2021. The issuance price of the subordinate shares was priced in the context of the market, based on price reservation submissions made by the company with the Canadian Securities Exchange on August 26, 2021 and September 2, 2021, respectively. The private placement is subject to the approval of the Canadian Securities Exchange. The subordinate voting shares issued to the existing investor will be subject to a four-month hold period under Canadian securities laws.