City View Green Holdings Inc. announced a non-brokered private placement of 20,000,000 units at a price of CAD 0.05 per unit for a gross proceeds of up to CAD 1,000,000 on March 17, 2022. Each unit will consists of one common share and one warrant. Each warrant entitles the holder thereof to purchase one common share of the company at a price of CAD 0.10 per share for a period of two years from the date of closing, if the closing price of the common shares on the Canadian Stock Exchange is equal to or exceeds CAD 0.11 for five consecutive trading days, the company then accelerate the expiry date of the warrants to the date that is 30 days following the date on which issues notice to all the warrant holders of the new expiry date. The company will issue units to qualified purchasers.

On the same date, the company has issued 9,600,000 units for total gross proceeds of CAD 480,000 in its first tranche. The transaction included participation from Chief Executive Officer and President, Rob Fia for 2,000,000 units for gross proceeds of CAD 100,000. The units issued under the tranche are subject to a hold period expiring July 18, 2022, in accordance with the policies of the Canadian Stock Exchange.