BetterU Education Corp. (TSXV:BTRU) announced a non-brokered private placement of 10,000,000 units at CAD 0.05 per unit for gross proceeds of CAD 500,000 on May 18, 2019. Each unit will comprise of one common share and half warrant. Each warrant will entitle the holder to purchase one common share at CAD 0.15 per share for a period of 2 years. The securities to be issued are subject to a hold period of four month and one-day from date of issuance. The company will pay finder's fee of 7% in cash and 7% in warrants and can be exercised for 12 months at a price of CAD 0.25 per share. The transaction is subject to the approval of the TSX Venture Exchange. On the same date, the company announced that it has issued 6,360,000 units for gross proceeds of CAD 318,000 in the first tranche. The company paid finders' fee of CAD 5,670 and issued 113,400 finders' warrants. The additional tranches are expected to close this month.