Golden Leaf Holdings Ltd. (DB:9GL) announced a best effort private placement of 8,928,571 units at a price of CAD 0.28 per unit for gross proceeds of CAD 2,500,000 on June 6, 2017. Each unit consists of one common share and one half of a share purchase warrant. Each warrant authorizes the holder to acquire one share at a price of CAD 0.37 per warrant until June 2, 2019. All the securities issued are subject to a statutory hold period of four months and one day, expiring on October 7, 2017.