Canadian Nexus Team Ventures Corp. announced that it has issued 6,407,000 units in a non-brokered private placement at a price of CAD 0.05 per unit for gross proceeds of CAD 320,350 on July 22, 2022. The transaction included participation from insider of the company for CAD 200,000.

Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share, at an exercise price of CAD 0.1 per share, for a period of five years from the date of issuance. The private placement is subject to approval from Canadian Securities Exchange.

The securities issued in the transaction will be subject to a hold period of four months from the date of issuance. The company will not pay any finder's fee in the transaction.