Codebase Ventures Inc. announced a non-brokered private placement of units at a price of CAD 0.105 per unit for gross proceeds of up to CAD 2,000,000 on September 24, 2021. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share at CAD 0.15 for a period of two years from the date of closing, subject to the option of the Company to accelerate the expiry date in the event that its shares trade at CAD 0.40 or more for 10 consecutive days. On the same date, the company has issued 6,075,000 units for gross proceeds of CAD 637,875 in its first tranche. The company paid CAD 21,840 in cash and issued 208,000 warrants on the same terms as noted above to a qualified finder. The securities issued pursuant to this tranche are subject to trading restrictions until January 25, 2022. The second tranche closing will take place on or before October 4, 2021.