MYM Nutraceuticals Inc. (DB:0MY) announced non-brokered private placement of up to 8,000,000 units at a price of CAD 0.05 per unit for gross proceeds of CAD 400,000 on January 26, 2017. Each unit will consist of one common share and one non-transferable share purchase warrant. Each warrant will entitle the holder to acquire one common share at CAD 0.07 per share exercisable for a period of 24 months following the closing of the private placement. The transaction is subject to the approval of the Canadian Securities Exchange. The securities will be subject to a four month and one day hold period.