Nutritional High International Inc. (OTCPK:SPLI.F) announced that it has entered into equity purchase agreement for private placement of common shares for gross proceeds of up to CAD 1,000,000 on January 6, 2016. The equity line transaction will include participation from new investor, Kodiak Capital Group LLC. The transaction will be completed in tranches.

The transaction is expected to close on December 31, 2016. The purchase price of the common shares shall be the greater of CAD 0.05 or 25% discount to the market price of the common shares during the five trading days immediately preceding the company's draw down. The company has a right and not an obligation to draw down the funds at its sole discretion, which provides it with the flexibility to reduce dilution and only draw on funds as it deems necessary.