Blender Bites Limited announced a non-brokered private placement of no less than 2,000,000 subscription receipts at a price of CAD 1 per Subscription Receipt for the gross proceeds of CAD 2,000,000 on March 18, 2021. Post completion of the transaction, each Subscription Receipt will automatically convert into one common share of the company. All securities issued in connection with the financing, will be subject to a four-month-and-one-day statutory hold period. Completion of the Transaction remains subject to a number of conditions, including the completion of satisfactory due diligence, the negotiation and finalization of definitive documentation, receipt of any required regulatory and third-party consents, approval of minority shareholders of the Company to the delisting of the Company?s common shares from the TSX Venture Exchange, the company having arranged for third-parties to lend no less than CAD 1,000,000 to Blender Bites, completion of the Financing, the Canadian Securities Exchange having conditionally accepted the listing of the Company?s common shares, the TSX Venture Exchange having consented to the voluntarily delisting of the Company?s common shares, and the satisfaction of other customary closing conditions. The Transaction cannot close until the required approvals are obtained, and the company?s common shares have been delisted from the TSX Venture Exchange.