Fantasy Aces Daily Fantasy Sports Corp. (TSXV:FAS) announced, a non-brokered private placement of minimum of 40,000,000 common shares and maximum of 50,000,000 common shares at CAD 0.025 per share for minimum proceeds of CAD 1,000,000 and maximum proceeds of CAD 1,250,000 and debentures for proceeds of CAD 200,000 for total gross proceeds of CAD 1,450,000 on February 1, 2016. The securities issued will be subject to a hold period of four months and a day from the date of issue.

The debentures will be convertible at a fixed conversion price of CAD 0.05 per share. The debentures will accrue interest at 24% annually and will have a term of one year from the closing date.