37 Capital Inc. (CNSX:JJJ) announced a non-brokered private placement up to 10,000,000 units at a price of CAD 0.25 per unit for gross proceeds of up to CAD 2,500,000 on January 10, 2019. The transaction may include participation from insiders of the company. Each unit consists of one common share and one share purchase warrant to purchase an additional common share in the capital of the company at the price of CAD 0.50 per common share for a period of 18 months from the closing of the transaction. In the event that the company’s shares trade at CAD 0.75 per share or above for a period of 15 consecutive days, a forced exercise provision will come into effect for the warrants issued in connection with the transaction. As part of the transaction, the company may pay finder’s fees. All securities issued in the transaction are subject to hold period in accordance with applicable securities laws.