Sanibel Ventures Corp. (TSXV:SBEL.P) announced a non-brokered private placement of up to 2,500,000 common shares at a price of CAD 0.10 per share for gross proceeds of up to CAD 250,000 on March 10, 2020. The transaction will be completed in multiple tranches. There is no minimum subscription amount. The transaction is subject to all necessary regulatory approvals, including the approval of the TSX Venture Exchange and will be completed pursuant to certain exemptions from the prospectus requirement under applicable securities laws.