MYM Nutraceuticals Inc. (DB:0MY) announced a non-brokered private placement of up to 3,571,000 units at a price of CAD 2.80 per unit for gross proceeds of CAD 9,998,800 on January 3, 2018. Each unit will consist of one common share and one transferable common share purchase warrant. Each warrant will entitle the holder to acquire one additional common share for a period of 24 months following the closing of the private placement at a price of CAD 4 per warrant share. If the closing volume-weighted average price of the common shares on the Canadian Securities Exchange, is greater than or equal to CAD 5.50 for a period of ten consecutive trading days, the company may, accelerate the expiry date of the warrants by giving notice to the holders thereof, and in such case, the warrants will expire on the 30th day after the date on which such notice is given by the company. The transaction is subject to approval from of Canadian Stock Exchange. The securities will be subject to a four month hold period.