Synstream Energy Corp. (TSXV:SHM) announced a non-brokered private placement of 8,888,888 common share units at a price of CAD 0.01125 per unit for gross proceeds of CAD 100,000 on May 8, 2020. Each unit will consist of one common share and one common share purchase warrant, with each warrant exercisable at CAD 0.05 per share for a period of 18 months after the date of closing. No finder’s fees will be payable and securities issued will be subject to a four month hold period. The transaction is scheduled to close as soon as possible, and remains subject to regulatory approval.