Beyond Medical Technologies Inc. (OTCPK:MICW.F) announced a non-brokered private placement of minimum 20,000,000 units for the gross proceeds of CAD 3,000,000 and maximum 33,333,333 units for the gross proceeds of 4,999,999.95 at a price of CAD 0.15 per unit on January 14, 2021. Each unit consists of one common share and one common share purchase warrant. Each warrant will be exercisable to purchase one additional common share at a price of CAD 0.30 per warrant share for a period of two years from closing of the transaction. The warrants will be subject to an acceleration right of the company if on any ten consecutive trading days the closing price of the common shares is greater than CAD 0.40 per common share. If the company exercises its warrant acceleration right, the new expiry date of the warrants will be the 30th day following the notice to warrant holders of such exercise. The transaction is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including the approvals of the Canadian Securities Exchange. All securities issued in the transaction will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities laws. The company may pay finder's fee in the transaction to eligible arm's length finders in accordance with Canadian Securities Exchange policies and applicable securities laws.