Aura Health Inc. (CNSX:BUZZ) announced a non-brokered private placement of 10,000,000 units at a price of CAD 0.15 per unit for gross proceeds of up to CAD 1,500,000 on January 7, 2019. Each unit will consist of one common share and one-half of one common share purchase warrant, exercisable at CAD 0.25 for a period of 24 months from the date of issuance. The transaction will include participation from insiders of the company. As part of the transaction, the company expects to pay an aggregate cash commission of 8% of the proceeds and issue that number of non-transferrable finders warrants equal to 8% of the number of units subscribed to by the placee. Each finder’s warrant will be exercisable to purchase one common share at an exercise price of CAD 0.25 for a period of 24 months from the date of issuance. The transaction is expected to close on or about January 10, 2018 and is subject to approval of Canadian Securities Exchange. All securities issued in the transaction are subject to hold period of four months plus one day from the closing date.