SBD Capital Corp. announced a non-brokered private placement of 463,125 units at a price of CAD 0.32 per units for gross proceeds of CAD 148,200 on October 19, 2018. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one common share of the company at an exercise price of CAD 0.50 per share for a period of one year from the date of closing. The securities issued are subject to a hold period of four months plus a day from the date of issuance. In addition, all securities issued are subject to a contractual hold period of six months from the date of issuance.