Interlapse Technologies Corp. (TSXV:INLA) announced a non-brokered private placement of 3,500,000 units at a price of CAD 0.15 per unit for gross proceeds of CAD 525,000 on September 23, 2020. Each unit comprises of one common share of the company and one share purchase warrant. Each warrant entitles the holder to subscribe for one additional share at a price of CAD 0.20 per share for a period of 18 months from the date of issuance. The company may accelerate the warrant expiry date in the event that the closing trading price of the shares on the TSX Venture Exchange is CAD 0.40 or greater for a period of 10 consecutive trading days.