ParcelPal Technology Inc. (CNSX:PKG) announced a non-brokered private placement of 10,000,000 unit at a price of CAD 0.135 per unit for gross proceeds of CAD 1,350,000 on January 9, 2018. Each unit will consist of one common share and one share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share at a price of CAD 0.20 per share for a period of 24 months from the date of issue. In the event that the average closing price is equal to or greater than CAD 0.30 per share for a period of five consecutive trading days, the company may accelerate the expiry date of the warrants to a date that is thirty days after the notice of completion of such period. The company may pay a finder's fee in cash or share purchase warrants.