Global Gardens Group Inc. announced a brokered private placement of aggregate 17,092,480 units at CAD 0.25 per unit for aggregate gross proceeds of CAD 4,273,120 on June 11, 2015. Each unit consists of one common share and one share purchase warrant. Each entitles the holder to purchase one common share at CAD 0.40 per share for a period of 60 months, provided that if the closing price of the company's shares on any stock exchange or quotation system on which the shares are then listed or quoted is equal to or greater than CAD 0.80 for a period of 10 consecutive trading days, the company will have the right to accelerate the expiry of the warrants by giving notice to the holders of the warrants that the warrants will expire on a date that is not less than 10 business days from the date notice is given.

The transaction involved syndicate of placement agent.