Level 14 Ventures Ltd. (CNSX:LVL) announced a non-brokered private placement of 18,546,000 units at a price of CAD 0.055 per unit for aggregate gross proceeds of CAD 1,020,030 on April 30, 2021. Each unit comprises of one common share and one share purchase warrant. Each whole warrant entitles the holder thereof to purchase one common share at a price of CAD 0.10 per share expiring five years from the date of issuance. The transaction included participation from insiders for 13,254,900 units including returning investors Marcel de Groot, chief executive officer of the company, subscribing to 3,181,900 units for CAD 175,004.5 and after completion holds 7,306,901 common shares representing 18.7% of the issued and outstanding common shares, January Vandale subscribing to 3,181,900 units for CAD 175,004.50 and after completion holds 5,306,900 common shares representing 13.58% of the issued and outstanding common shares, Marianne De Witt subscribing to 2,727,300 units for CAD 150,001.50 and after completion holds 6,977,300 common shares representing 17.85% of the issued and outstanding common shares and Hayley De Witt, a director of the company, subscribing to 4,091,000 units for CAD 225,005 after completion holds 5,591,000 common shares representing 14.31% of the issued and outstanding common shares. The securities issued pursuant to the transaction will be subject to a four month hold period from the date of issuance.