Canadian International Pharma Corp. (TSXV:CIP.H) announced a private placement of up to 9,523,809 subscription receipts at a price of CAD 0.105 per share for gross proceeds of CAD 999,999.945 on October 30, 2020. Each subscription receipt will convert into one unit consisting of one common share and one transferable share purchase warrant upon approval of TSX Venture Exchange. Each warrant is exercisable for a period of five years from the issuance at a CAD 0.14 per share. All securities issued will be subject to a statutory hold period expiring four months and one day after closing. Completion of the transaction is subject to a number of conditions, including, without limitation, receipt of all regulatory approvals, including approval of the exchange.