TGS Esports Inc. announced a private placement to issue common shares for minimum gross proceeds of CAD 3,000,000 on February 18, 2022. The transaction is subject to approval from TSX Venture Exchange. The company will pay finders' fee to two arms' length parties equal to 3% and 2.5% in the transaction.

All the securities issued will subject to a hold period of four months and one day from the date of issuance.