Liberty Leaf Holdings Ltd. (CNSX:WER) announced a non-brokered private placement of 5,000,000 units for gross proceeds of CAD 0.40 per unit for gross proceeds of CAD 2,000,000 on January 22, 2018. Each unit consists of one common share and one-half of one transferable share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share of the company for a period of up to twenty-four months at a price of CAD 0.60. The transaction included participation from new investor, Rockshield Capital Corp.

(OTCPK:RKSC.F) for 250,000 at a price of CAD 0.40 for proceeds of CAD 100,000. The company raised CAD 110,000 in the United States pursuant to exemptions provided under Regulation D from six investors. In addition, the company has paid finder's fees of a total of CAD 6,250 and issued an aggregate 259,485 finder's units.

Each finders unit is comprised of one common share and one-half of one non-transferable share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share of the company for a period of up to twenty-four months at a price of CAD 0.60. All securities issued under the transaction are subject to a four-month and one-day hold period expiring on May 23, 2018.