CROPS Inc. (TSXV:COPS) announced a private placement of 30,000,000 subscription receipts at an issue price of CAD 0.10 per subscription receipt for gross proceeds of CAD 3,000,000 on September 9, 2020. The company may pay a finder’s fee on all or a portion of the transaction. Post-closing of the transaction, the company will have 186,869,852 common shares issued and outstanding. The subscription receipts will be converted at the closing of the acquisition into a total of 30,000,000 post-consolidation common shares of the company.