Balsam Technologies Corp. (TSXV:BTEC.H) announced a non-brokered private placement of up to 4,285,715 units at a price of CAD 0.14 for gross proceeds of CAD 600000.1 on January 4, 2021. Each unit will consist of one common share and one common share purchase warrant, each of which is exercisable to acquire an additional common share at a price of CAD 0.185 for a period of twelve months. The transaction is subject to the approval of the TSX Venture Exchange. The company may pay finders’ fees to eligible parties who have introduced subscribers to the transaction. All securities issued in connection with the Offering will be subject to a four-month and-one-day statutory hold period.