Mountain Valley MD Holdings Inc. (CNSX:MVMD) announced a non-brokered private placement of up to approximately 13,636,364 units at CAD 0.22 per unit for gross proceeds of up to CAD 3,000,000 on December 14, 2020. Each unit is comprised of one common share and one half of one share purchase warrant, each warrant having an exercise price of CAD 0.45 and an expiration date of 24 months from the date of issuance. The company anticipates completing the transaction in the coming days. The company may increase or decrease the size of the transaction in its sole discretion. The transaction will be non-brokered, but the Company may, as determined in its sole discretion, pay reasonable customary brokers' and/or finders' fees, as applicable, in connection with the completion of the transaction. All securities issued pursuant to the transaction will be subject to applicable resale restrictions, including a four month hold from the date of issuance.