Tailwind Capital Corporation (TSXV:TW.P) announced a private placement of 2,857,143 subscription receipts at a price of CAD 1.75 per subscription receipt for gross proceeds of up to CAD 5,000,000 on March 28, 2019. Each receipt will entitle the holder to receive, upon satisfaction of certain escrow release conditions on or before the escrow release deadline, and without payment of additional consideration, one unit in the capital of the company. Each unit will comprise of one resulting issuer common share and one-half warrant. Each warrant will entitle the holder to purchase one common share at CAD 2.15 per share for a period of 24 months. The transaction is expected to close on or about April 5, 2019. Canaccord Genuity Corp. will act as lead finder to the transaction will receive a cash commission equal to 7% of the gross proceeds, together with an option to purchase up to an additional 7% of the number of the resulting issuer shares issued upon conversion of the subscription receipts sold. Each compensation option will be exercisable to purchase one resulting issuer share at a price of CAD 1.75 for a period of 24 months.