Frankly Inc. (TSXV:TLK) announced a non-brokered private placement of up to 1,364,952 common shares at a price not less than CAD 0.21 per share for gross proceeds not less than CAD 286,639.92 with existing investor EB Acquisition Company, LLC on April 17, 2020. The transaction is subject to the approval of the TSX Venture Exchange. The securities to be issued will be subject to statutory hold period of four months and a day, as well as restrictions on transfer required under securities laws of the United States.