iMining Blockchain and Cryptocurrency Inc. (TSXV:IMIN) announced a non-brokered private placement of up to 10,000,000 units at a price of CAD 0.07 per unit for gross proceeds of up to CAD 700,000 on January 11, 2021. Each unit consists of one common share and one-half of one common share purchase warrant. Each warrant entitles the holder to purchase one common share of the company at a price of CAD 0.15 per share for a period of 2 years, provided that in the event the closing price of its shares is equal to or greater than CAD 0.45 per share for 20 consecutive trading days, the company may, by notice to the warrant holders, reduce the remaining exercise period of the warrants to not less than 30 days following the date of such notice.