First Global Data Limited (TSXV:FGD) announced a non-brokered private placement of up to 20,000,000 units at a price of CAD 0.25 per unit for gross proceeds of CAD 5,000,000 on February 8, 2018. Each unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one common share for a period of two years from date of issuance at an exercise price of CAD 0.40 per warrant. The transaction is subject to all regulatory approvals. The securities being issued in the transaction will be subject to a four-month hold period in accordance with applicable Canadian securities laws.