EA Education Group Inc. (CNSX:EA) announced a private placement of up to 16,000,000 units at the price of CAD 0.05 per unit for the gross proceeds of up to CAD 800,000 on December 23, 2019. Each unit will consist of one common share and one transferable share purchase warrant for the purchase of one further common share within two years of the date of grant at the price of CAD 0.10 per such common share. The closing of the transaction is subject to certain closing conditions, including the approval of the Canadian Securities Exchange. The company may pay finder’s fee in the transaction.