Playground Ventures Inc. announced a non brokered private placement of up to 10,000,000 units at a price of CAD 0.35 per unit for gross proceeds of CAD 3,500,000 on June 10, 2021. Each unit will comprise one common share of the company and one half common share purchase warrant of the company. Each warrant is exercisable at CAD 0.70 for a period of 18 months from issuance.

The transaction will include participation from insiders of the company. Closing of the transaction is subject to receipt of all necessary corporate and regulatory approvals, including the approval of Canadian Securities Exchange. All securities issued will be subject to a hold period of four months plus a day from the date of issuance.