CVR Medical Corp. announced a non-brokered private placement of 7,500,000 units at a price of CAD 0.02 per unit for gross proceeds of CAD 150,000 on November 8, 2021. Each unit comprised of one common share and one common share purchase warrant. Each warrant is exercisable for one additional share at a price of CAD 0.12 for a period of five years. All securities issued pursuant to the transaction will be subject to a hold period of four months. The transaction may be closed in one or more tranches. The company may pay finders' fee in the transaction. The transaction is subject to TSX Venture Exchange acceptance.