ParcelPal Logistics Inc. announced a non-brokered private placement of up to 20,944,640 units for the gross proceeds of CAD 356,000. Each unit consisting of one common share and one transferable common share purchase warrant and the company also issued 4,273,504 units for the gross proceeds of CAD 50,000 for the aggregate gross proceeds of CAD 406,000 on March 14, 2023. Each unit consisting of one common share and one half of one transferable warrant.

Each unit will be exercisable for a period of two years following the closing of the offering. The company will issue securities pursuant to exemption provided under Regulation D. The transaction included participation from 12 investors.