Ponderous Panda Capital Corp. (TSXV:PPCC.P) announced a private placement of 10,000,000 common shares at an issue price of CAD 0.3 per share for gross proceeds of up to CAD 3,000,000 on August 19, 2020. The shares will be issued on a post-share split basis. All securities issued in the transaction will be subject to a hold period of four months and one day.