SQID Technologies Limited announced a non-brokered private placement of up to 5,000,000 units at a price of CAD 0.3 per unit for gross proceeds of up to CAD 1,500,000 on October 6, 2021. Each unit consists of one common share and one common share purchase warrant. Each warrant can be exercised to acquire one common share at a price of CAD 0.45 per share for a period of three years from the date of closing. The transaction is subject to approval from regulatory and TSX Venture Exchange. The securities are being subject to four months hold period. The transaction is not subject to a minimum amount of proceeds, and may close in one or more tranches. It is anticipated that certain officers, directors and insiders of the company may subscribe under the transaction. Shape Capital Pty Ltd. will act as a finder to the company and receive 8% as finder fee.