Ellipsiz Communications Ltd. (TSXV:ECT) announced a non-brokered private placement of up to 2,666,667 units at a price of CAD 0.15 per unit for gross proceeds of CAD 400,000 on June 7, 2019. Each unit consists of one common share and one share purchase warrant. Each warrant authorizes the holder to purchase one share at a price of CAD 0.15 per share for two years from the date of closing. All securities issued pursuant to the transaction are subject to a statutory four month plus one day hold period from the closing date of the transaction. The transaction is subject to regulatory approval. The company will not be paying finders' fees.