DionyMed Brands Inc. (CNSX:DYME) announced a bought deal private placement of 3,636,364 units at CAD 2.75 per unit for gross proceeds of CAD 10,000,001 on April 15, 2019. Each unit consists of one subordinate voting share and one subordinate voting share purchase warrant. Each warrant entitles the holder to purchase one subordinate voting share at a price of CAD 3.80 per share for a period of 36 months from the date of closing. The transaction is expected to occur on or about May 2, 2019. The company has granted an overallotment options of up to an additional 3,636,364 units at the issue price for additional gross proceeds to the company of up to CAD 10,000,001, which option is exercisable by the underwriters at any time prior to the closing Date. The transaction is subject to certain conditions including, but not limited to, the receipt of all necessary approvals of the securities regulatory authorities.