mCloud Technologies Corp. announced a private placement of 227,027 units at a price per Unit of CAD 1.85 for gross proceeds of CAD 420,000 on July 12, 2021. Each Unit will consist of one common share and one common share purchase warrant. Each unit Warrant will entitle the holder thereof to acquire one common share at an exercise price of CAD 2.85 per common share on April 15, 2024. The transaction is subject to the final approval of TSX Venture Exchange.