Xylitol Canada Inc. (TSXV:XYL) announced a brokered private placement of up to 30,000,000 units at a price of CAD 0.10 per unit for gross proceeds of up to CAD 3,000,000 on November 9, 2015. The company intends to raise gross proceeds of a minimum of CAD 1,000,000 and up to CAD 3,000,000. Each unit consists of one common share and one share purchase warrant.

Each warrant entitles the holder to purchase one common share of the company at an exercise price of CAD 0.15 per share for a period of 36 months from the date of closing. The transaction is expected to close on or before November 25, 2015. The securities issued are subject to a hold period of four months from the date of closing.

The transaction is subject to the approval of the TSX Venture Exchange.