Strategem Capital Corporation (TSXV:SGE) announced a private placement of units at a price of CAD 2.29 per unit for gross proceeds of up to CAD 11,000,000 on May 5, 2021. Each unit will consist of one common share and a common share purchase warrant. Each warrant will entitle the holder to purchase a common share at a price of CAD 2.75 for a period of three years from closing. The transaction will include participation from 2023378 Ontario Inc. and Skky Capital Corporation to maintain their ownership, directors and officers of the company, and may include participation from existing shareholders. All securities issued will be subject to hold period of four months and one day from closing. The transaction is expected to close in the middle of May and is subject to approval from the TSX Venture Exchange.