CellCube Energy Storage Systems Inc. (CNSX:CUBE) announced a non-brokered private placement of 166,666,667 units at a price of CAD 0.06 per unit for gross proceeds of CAD 10,000,000 on July 8, 2019. Each unit will consist of one common share and one-half of one common share purchase warrant. Each warrant will entitle the holder to purchase one common share of the company at an exercise price of CAD 0.08 per common share for a period of 60 months from the closing of the transaction. All securities issued are subject to a hold period expiring four months and one day from the closing of the transaction. The completion of the transaction is subject to customary closing conditions including approval from the TSX Venture Exchange. The company has agreed to pay a 6.0% finder’s fee on the gross proceeds raised by recognized finders in connection with this transaction. The transaction may close in one or more tranches, the first of which is to occur on or around July 11, 2019.