ECS Botanics Holdings Ltd announced that it will issue 200,000,000 shares at a price of AUD 0.033 per share for gross proceeds of AUD 6,600,000 on October 29, 2021. The transaction will include participation from institutional, professional and sophisticated investors. The transaction will include a 1:2 free attaching option with an exercise price of $0.08 each and an expiry of 2 years from the date of issue. The shares were issued at a discount. The transaction is expected to close on or before November 4, 2021. The transaction will be completed in a single tranche.