Lifestyle Delivery Systems Inc (OTCPK:LDSY.F) announced a non-brokered private placement of 5,500,000 units at a price of CAD 0.50 per unit for the gross proceeds of CAD 2,750,000 on January 12, 2018. Each unit consists of one common share and one common share purchase warrant. Each warrant authorizes the investor to purchase one common share at a price of CAD 0.75 per share for a period ending one year. The company may accelerate the expiration date of the warrants if the daily volume weighted average share price of its shares on the Canadian Securities Exchange is equal to or greater than CAD 1.50 for 10 consecutive trading days. The transaction was oversubscribed. The securities to be issued are subject to a hold period of expiring on May 12, 2018.