CurrencyWorks Inc. (TSXV:CWRK) announced a private placement for gross proceeds of $5,000,000 on March 9, 2021. The transaction will include participation from Global Equity Fund, Inc. The transaction will consist of two tranches. The first tranche will consist of $1,200,000 and up to an additional $3,800,000 available in subsequent tranches of a minimum of $400,000 for a period of 24 months. In the first tranche, the investor has agreed acquire 1,200,000 units of the company at a price of $1.00 per unit on or before March 31, 2021. Each unit shall consist of one share of common stock of the company and one share purchase warrant with each warrant entitling the holder to acquire one additional share a price of $1.25 per share for a period of five years from the Initial closing date. For each subsequent tranche under the Financing, the Company will issue additional units to the investor at the maximum discounted price permitted under the policies of the securities exchange upon which the Shares are then trading. The Warrants issuable upon each subsequent tranche shall be exercisable into one Share at an exercise price equal to the market price at the time of the announcement of the subsequent tranche for a period of five years from the date of issuance. The Company has agreed to pay to investor a cash commitment fee equal to 8% payable on the initial closing Date, there is a standby fee of 5% on the aggregate of any undrawn additional amount, payable on the date that is 12 months from the initial closing Date and on the expiry date, as applicable. All securities issued in connection with an offering will be subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable securities legislation.