Freedom Energy Inc. (TSXV:FREE) announced a private placement of 5,000,000 post consolidation units at a price of CAD 0.05 per unit for gross proceeds of CAD 250,000 on November 22, 2019. Each unit will consist of one post consolidated common share and one share purchase warrant at an exercise price of CAD 0.10 per unit for two years from the closing of the transaction. The company would issue approximately 11,679,089 common shares upon completion of the transaction. The company may pay finder's fee in connection with the transaction. All securities issued in the transaction are subject to a four month hold period. The transaction is subject to acceptance from the TSX Venture Exchange.