5Barz International Inc. (OTCPK:BARZ) announced a private placement of 22,200,000 units at a price of $0.05 per unit for gross proceeds of $1,110,000 on March 7, 2016. Each unit consists of one common share and one warrant. Each whole warrant will entitle the holder to acquire one common share of the company for a period of two years at an exercise price of $0.20 per share.

The securities are sold by the company without discount or commissions paid on the sales, pursuant to rule 506 exemption from registration, to accredited investors. The offering represents 6% of the total issued and outstanding shares of the company sold to 10 investors.