TrackX Holdings Inc. (TSXV:TKX) announced a non-brokered private placement of 40,000,000 units at a price of CAD 0.05 per unit for gross proceeds of CAD 2,000,000.26 on March 5, 2021. Each unit will consist of one common share and one common share purchase warrant. Each warrant will be exercisable for one common share at a price of CAD 0.75 per share for a period of 24 months. The company has granted incentive stock options to directors, officers and consultants to purchase up to 4,180,000 common shares in the capital of the company exercisable at a price of CAD 0.075 per share for a period of ten years, subject to TSX Venture Exchange acceptance. The finder's fees will be payable in accordance with TSX Venture Exchange policies.. The closing of the offering is subject to certain closing conditions including, but not limited to, conditional approval from the TSX Venture Exchange and receipt of any other required regulatory approvals. All securities issued in the transaction will be subject to a four-month hold period.