ParcelPal Technology Inc announced a non-brokered private placement of an unsecured convertible note with a face value of up to $2,300,000 for gross proceeds of $2,185,000 on September 16, 2021. The note will be issued at an original issue discount of 5% of the principal amount. The note bears interest at a one-time guaranteed rate of 5% on the principal sum of each funded tranche and has a maturity date of six months from the date of each tranche funding. The conversion price is $0.09 per share into common shares. The securities issued are subject to a hold period of four months and one day. The company did not pay any finder?s fees or issue any warrants in connection. On the same date, the company received $700,000 in its first tranche. The remaining $1,485,000 will be funded in three subsequent tranches, second tranche in the amount of $640,000, third tranche in the amount of $520,000 and fourth within 45 and 90 days and final tranche in the amount of $325,000 upon mutual agreement by the Company and investor at one hundred and twenty (120) days.