AnalytixInsight Inc. (TSXV:ALY) announced a non-brokered private placement of 3,000,000 units at a price of CAD 0.55 per unit for gross proceeds of CAD 1,650,000 on October 6, 2020. Each unit shall consists of one common share of the company and one-half of one common share purchase warrant. Each whole warrant entitles the holder to purchase one common share of the company at an exercise price of CAD 0.75 per share for a period of 24 months from the date of closing. The company may pay finder’s fees in cash of up to 5% of gross proceeds and issue finder’s warrants in an amount of up to 5% of the units sold in the transaction. Each finder warrant will carry the same terms as the warrants issued in the transaction. All securities to be issued will be subject to a statutory hold period of four months and one day. The transaction is subject to certain conditions, including TSX Venture Exchange approval. The transaction is expected to close on or about October 16, 2020.