TechX Technologies Inc. (CNSX:TECX) announced a non-brokered private placement of 20,000,000 units at a price of CAD 0.50 per unit for the gross proceeds of CAD 10,000,000 on April 13, 2021. Each unit is comprised of one common share and one-half of one transferable warrant. Each whole warrant will entitle the holder to purchase one additional common share for a period of sixty months at a price of CAD 1 per share, subject to accelerated expiry. If, at any time after the date that is four months and one day from the date of closing, the volume-weighted average closing price of the company's common shares on the Canadian Securities Exchange is CAD 1.65 or more for ten consecutive trading days, the Company will have the right to accelerate the expiry of the warrants by giving notice, via news release issued within five business days of the last day of such ten consecutive trading day calculation period, of its exercise of such right and thereafter the Warrants will, without further notice or act by the company, automatically expire and be of no further force and effect on the date that is thirty days after the date of said news release. The company has paid finder's fees of CAD 175,500 and issued 351,000 finder's warrants to an arm's-length parties in the transaction. Each finder's warrant is exercisable into a common share for a period of sixty months at a price of CAD 1.00 per share, subject to the same accelerated expiry as above. All securities issued are subject to a four-month-and one-day hold period expiring on August 14, 2021.