Imex Systems Inc. (TSXV:IMEX) announced a non-brokered private placement at a price of CAD 0.07 per common share unit on June 25, 2018. Each unit is comprised of one common share and one common share purchase warrant. Each warrant will entitle the holder to acquire one common share of the company for a period of 24 months from the date of issuance of the warrant, at an exercise price of CAD 0.10 per share. The transaction will take place in tranches. The company issued 19,220,212 equity units for the gross proceeds of CAD 1,345,414.88 in its first tranche close. The company expects to close a second tranche in the next couple of weeks. The company paid a finder's fees of cash totaling CAD 19,040, 136,000 common shares and, 136,000 finders warrants in the transaction. Each finder warrant exercisable into a common share of the company for a period of 24 months at CAD 0.10 per share. All the securities issued in connection with the transaction will be subject to a four-month hold period, in accordance with applicable securities laws.