SponsorsOne Inc. announced a private placement of 2,632,835 units at a price of CAD 0.024 per unit for gross proceeds of CAD 63,188.04 on July 16, 2021. Each unit consists of one common share and one common share purchase warrant. Each warrant can be exercised to acquire one common share at a price of CAD 0.05 per share for a period of two years from the date of closing.