Mondias Natural Products Inc. (TSXV:NHP) announced a non-brokered private placement of 15,384,615 shares at a minimum price of CAD 0.065 per share for gross proceeds of CAD 1,000,000 on August 17, 2020. The company will complete the transaction in tranche. The first tranche of CAD 500,000 will be completed before the closing of the concurrent financing. The concurrent Financing will be completed through the issuance of common shares at a price equal to the market price of the common Shares on the TSXV at the time that the final terms of the transaction are confirmed by the Board of the company. The shares are issued subject to statutory hold periods pursuant to applicable securities laws, expiring four months after the closing date.