Imex Systems, Inc. announced a private placement of 1,301,528 units at a price of CAD 1 per unit for gross proceeds of CAD 1,301,528 on June 10, 2016. Each unit consists of one common share and one half of one share purchase warrant. Each warrant will entitle the holder thereof to purchase one additional common share for a period of 18 months from the closing date of the offering at a price of CAD 1.50 per share. The company issued 91,107 finder options to certain finders. Each finder option will entitle the holder thereof to purchase one unit for a period of 18 months at an exercise price of CAD 1 per unit.