Ellipsiz Communications Ltd. (TSXV:ECT) announced a non-brokered private placement of 20,000,000 units at a price of CAD 0.05 per unit for gross proceeds of CAD 1,000,000 on March 1, 2018. 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 0.05 per share for two years from the date of closing. All securities issued pursuant to the transaction are subject to a statutory four month hold period from the closing date of the transaction. The transaction is subject to TSX Venture Exchange approval.