iSIGN Media Solutions Inc. (TSXV:ISD) announced a non-brokered private placement of up to 4,734,000 units at an issue price of CAD 0.05 per unit for gross proceeds of up to CAD 236,700 on January 6, 2021. Each unit consist of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one common share at an exercise price of CAD 0.075 for a period of 24 months from the date of closing. All securities to be issued are subject to a hold period of four months. The transaction is expected to close within three weeks, subject to the approval of the TSX Venture Exchange. On the same day, the company issued 1,234,000 units for proceeds of CAD 61,700 in its first tranche.