Eurocontrol Technics Group Inc. (TSXV:EUO) announced a non-brokered private placement of a minimum of 7,500,000 units and a maximum 10,000,000 units, at an issue price of CAD 0.20 per unit, for gross proceeds of not less than CAD 1,500,000 and not more than CAD 2,000,000 on January 25, 2019. Each unit consists of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one additional share at an exercise price of CAD 0.30 per share for two years from the date of issuance of the units. If, during this two year period and after the expiry of the four month hold period on the shares and the warrants, the closing price of the company's shares is at least CAD 0.50 for a period of 10 consecutive trading days, then the company may, at its option, accelerate the expiry date of the warrants by issuing a news release and giving written notice thereof all holders of warrants, and, in such case, the warrants will expire on the earlier of the 30th day after the date on which the news release is disseminated by the company, and the original expiry date. The securities issued in the transaction are subject to a hold period of four months. The transaction is subject to the approval of the company's shareholders.