China Keli Electric Company Ltd. announced non-brokered private placement of up to 4,347,826 common shares at a price of CAD 0.23 per share for gross proceeds of CAD 1,000,000 on June 8, 2021. Certain insiders may participate in the transaction. The transaction is subject to all necessary regulatory approvals including acceptance from the NEX Board of the TSX Venture Exchange. All shares to be issued in the transaction will be subject to a four-month hold period. The company may pay finder's fees equal to 7% of the gross proceeds. The transaction is expected to close on or prior to June 30, 2021.