Waraba Gold Limited (CNSX:WBGD) announced a non-brokered private placement of 25,000,000 units at a price of CAD 0.20 per unit for gross proceeds of up to CAD 5,000,000 on April 20, 2021. Each unit will consist of one common share and one common share purchase warrant. Each warrant will be exercisable into warrant share at a price of CAD 0.30 per share for 12 months from date of closing. In the event that the daily volume weighted average trading price of the common shares on the Canadian Stock Exchange exceeds CAD 0.30 for a minimum of 30 consecutive trading days, the company may provide written notice requiring holders to exercise such warrants within 30 days following the date of issuance of such written notice.