Global Gardens Group Inc. (CNSX:VGM) announced a non brokered private placement of up to 2,860,000 units at CAD 0.25 per unit for gross proceeds of up to CAD 715,000 on October 30, 2015. Each unit will consist of one common share and one warrant. Each warrant will be exercisable at CAD 0.40 per share for a period of 60 months from the date of issue.

The warrants are subject to accelerated expiry in the case the shares of the company trade at or greater than CAD 0.80 for a period of 10 consecutive trading days. The company will give the notice to the holders for the expiry of the warrants in 10 days from the date of such notice. The securities issued will be subject to a hold period of four months from the date of issue.

The transaction is subject to all necessary regulatory and stock exchange approvals.