Mota Ventures Corp. (CNSX:MOTA) announced a non-brokered private placement of up to 11,111,112 units to be issued at a price of CAD 0.45 each, for gross proceeds of up to CAD 5,000,000 on May 30, 2020. Each unit will consist of one common share of the company and one common share purchase warrant, exercisable for a period of 24 months at the price of CAD 0.90 each. The company may pay referral fees to eligible third parties that subscribers have placed in the transaction. The company may also pay a share-based management fees to an advisor who supported the company in the transaction. All securities to be issued in the transaction are subject to a hold period of four months and one day. The transaction is subject to approval from Canadian Securities Exchange.