Dimension Five Technologies Inc. (CNSX:DFT) announced a a non-brokered private placement for 16,898,174 units at a issue price of CAD 8.3 per unit for gross proceeds of CAD 1,402,548.44 on February 5, 2021. Each unit will consist of one common share and one common share purchase warrant. Each whole common share purchase warrant will entitle the holder thereof to purchase one additional share at a price of CAD 16.7 per share for a period of 48 months from the closing of the transaction, subject accelerated expiry clause. If the daily volume weighted average price over any 10 consecutive trading days is CAD 0.033 or greater or equal to CAD 1 per share, the company may give notice, at any time after February 5, 2021. The company paid finders fees of CAD 18,910.43 and 227,836 share purchase warrants in the transaction. The securities issued in the transaction are subject to a statutory hold period expiring four months and one day from the closing.