Ravenquest Biomed Inc. (CNSX:RQB) announced a non-brokered private placement of up to 5,000,000 units at a price of CAD 0.60 per unit to raise an aggregate CAD 3,000,000 on March 7, 2019. Each unit will consist of one common share of the company and one-half-of-one share purchase warrant. Each warrant entitles the holder to purchase one additional common share of the company at a price of CAD 0.80 per share for a period of two years from the closing of the transaction, subject to accelerated expiry in the event the closing price of the company’s shares is greater than CAD 1.60 for 10 consecutive trading days. The securities to be issued are subject to a hold period. The company may pay a finder’s fee to qualified finders. The company intends to continue the transaction for more than one year.