GreenTec Holdings Ltd. announced a private placement of up to 666,667 subscription receipts at CAD 1.5 per receipt for gross proceeds of up to CAD 1,000,000 on May 1, 2018. The transaction included participation from new investor LottoGopher Holdings Inc. (CNSX:LOTO). Each subscription receipt entitles the holder to acquire one unit.

Each unit consists of one common share and one-half share purchase warrant. Each whole warrant entitles the holder to acquire one additional common share at CAD 2.5 per share for a period of 24 months from the date of issue.