Inner Spirit Holdings Ltd. (CNSX:ISH) announced a private placement of 6,000,000 common shares at a price of CAD 0.12 per share for gross proceeds of CAD 720,000 on September 14, 2020. The transaction included participation from an existing institutional shareholder, UK-based independent private equity firm. The investor has invested a total of CAD 2,400,000 in the company till date and owns 9.7% of the issued and outstanding common shares. The shares are subject to a four-month hold period in accordance with applicable securities laws.