Efficacious Elk Capital Corp. announced a non-brokered private placement 4000000 units at a price of CAD 0.25 per unit for a gross proceeds of CAD 1,000,000 on December 24, 2021. Each unit will consists of one subordinated voting common share of the company one-half resulting issuer SVS purchase warrant. Each warrant will be exercisable to acquire one resulting issuer SVS at a price of CAD 0.32 until the date that is 24 months following the completion of the transaction. The company may pay finders' fee in the transaction. All the securities will subject to a hold period of four months from the date of issuance. The transaction is subject to approval TSX Venture Exchange.