Lendified Holdings Inc. announced a non-brokered private placement of up to 8,000,000 units at a price of CAD 0.05 per unit for gross proceeds of up to CAD 400,000 on September 1, 2021. Each unit will be comprised of one common share and one common share purchase warrant of the company, with each warrant being exercisable to acquire one common share at a price of CAD 0.07 per share for a period of 24 months following the closing date. The company may pay finders’ fees in cash of up to 5% of the gross proceeds raised in the transaction and compensation options equal up to 7% of the aggregate number of units sold in the transaction. Each compensation option is exercisable to acquire one unit of the company on the same terms as the units offered in the transaction, at an exercise price of CAD 0.05 for a period of 24 months following the closing date. The transaction is subject to final approval of the TSX Venture Exchange and all regulatory approvals.