Bexar Ventures Inc. (CNSX:BXV) announced a private placement of up to 5,000,000 units at a price of CAD 0.02 per unit for gross proceeds of CAD 100,000 on February 12, 2021. Each unit is comprised of one common share of the company and one share purchase warrant, entitling the holder to purchase one additional share at CAD 0.05 per share for a period of five years from the date of the issue. The securities issued in the transaction will be subject to a restriction on resale for a period of four months from the date of issue. The transaction included participation from Vincent Wong, Chief Executive Officer, President and director of the company for 1,000,000 units. Vincent Wong now owns 14.8% stake in the company.