Virtualarmor International Inc. announced a private placement of 3,333,333 common shares at CAD 0.15 per share for gross proceeds of CAD 500,000 on January 5, 2016. The company may pay a cash commission to certain finders based on gross proceeds raised equal to up to 10% payable in cash and 10% payable in broker warrants. Each broker warrant shall entitle the holder to acquire one share at a price of CAD 0.15 per share for a period of one year from the date of issuance.

All securities issued under the transaction will be subject to a four-month hold period.