MYM Nutraceuticals Inc. (CNSX:MYM) announced non-brokered private placement of 20,000,000 units at a price of CAD 0.06 per unit for gross proceeds of CAD 1,200,000 on January 14, 2020. Each unit consists of one common share and one common share purchase warrant, with each warrant exercisable at a price of CAD 0.10 per share for a period of three years from the issue date. The warrants are subject to an acceleration provision that allows the company to give notice of an earlier expiry date if the company's weighted average share price is equal or greater than CAD 0.20 for a period of 10 consecutive trading days. The transaction is subject to the approval of the Canadian Stock Exchange and the securities will be subject to a four-month hold period. Finders fees of up to 8% in cash may be payable in the transaction. On the same date, the company issued 4,478,571 units for gross proceeds of CAD 268,714 in its first tranche. Insiders of the company subscribed to 1,666,683 units for gross proceeds of CAD 100,001.