Bucha Brew Ltd. announced a private placement of 909,091 common shares at a price of $0.55 per share for the maximum gross proceeds up to $500,000 on April 23, 2020. The company is raising funding through crowd-funding platform FrontFundr. The minimum investment amount per purchaser is $250, and all investments must be made in increments of $250. The individual investor on purchase of common shares exceeding $50,000, will receive one common share and one-half of one common share purchase warrant, at a price of $0.55 per unit. Each warrant grants the holder the right to purchase one common share. The company may determine an expiry and termination date of the warrant up to five years after closing of the subscription. The exercise price for each warrant is $1.08. The company will $2,000 as onboarding and due diligence fees to FrontFundr along with trade fees of 8% of the gross proceeds or commission of $40 per individual or $100 per non-individual in the transaction. The round is raised at the pre money valuation of $6,923,730