Extreme Vehicle Battery Technologies Corp. (CNSX:ACDC) announced non-brokered private placement up to an aggregate of 12,500,000 units at a price of CAD 0.20 per unit of up to CAD 2,500,000 on January 18, 2021. Each unit consists of one common share and one common share purchase warrant. Each warrant will be exercisable into one common share at an exercise price of CAD 0.50 for a period of three years from the issuance date, subject to acceleration, at the company's discretion, in the event that the common shares trade at a price on the Canadian Securities Exchange of greater than CAD 0.75 per common share for a period of 10 consecutive trading days.