Smartset Services Inc. announced a private placement of 16,000,000 subscription receipts at a price of CAD 0.5 per subscription receipt for gross proceeds of CAD 8,000,000 on June 17, 2021. Post closing, subscription receipt will automatically convert into one common share of the company upon the satisfaction of certain escrow release conditions. Post closing, the company expects to have 58,272,727 common shares issued and outstanding.