Facedrive Inc. (TSXV:FD) announced a non-brokered private placement of up to 1,481,481 common shares at a price of CAD 13.50 per share for gross proceeds of CAD 19,999,993.50 on January 18, 2021. The transaction will involve participation from a single placee. The shares issued in the transaction will have a hold period of four months from the date of issuance. The transaction is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals including the approval of the TSX Venture Exchange.