Myconic Capital Corp. (CNSX:MEDI) announced a non-brokered private placement of 22,699,997 units of the company at a price of CAD 0.20 per unit for gross proceeds of CAD 4,539,999.40. Each unit consists of one common share and one transferable share purchase warrant. Each warrant entitles the holder thereof to purchase one additional share at a price of CAD 0.40 per share for a period of five years from the date of issuance. All securities issued in connection with the transaction will be subject to a four month and one day hold period under securities laws. No finder’s fees have been paid in connection with the transaction.