VANCOUVER: Mota Ventures Corp. announced that it will offer up to 11.111 million units at a price of $0.45/each, by way of non-brokered private placement, for gross proceeds of up to $5.0 million.

Each Unit will consist of one common share of the Company, and one common share purchase warrant exercisable to acquire an additional common share at a price of $0.90 per share for a period of twenty-four months.

The Company anticipates utilizing the proceeds of the Offering to further develop and market products in North American and Europe using its e-commerce sales channels, and for general working capital purposes.

In connection with completion of the Offering, the Company may elect to pay finders’ fees to eligible third-parties who have introduced subscribers to the Offering and an administrative fee payable in shares will be owing to a consultant who assisted with the Offering. All securities to be issued in connection with the Offering will be subject to a four-month-and-one-day statutory hold period in accordance with applicable securities laws. Completion of the Offering remains subject to completion of customary filings with the Canadian Securities Exchange.

The Company also announces that it has engaged Electrik Dojo to provide investor relations services and written and video interview coverage of news releases and other corporate developments. Electrik Dojo is a financial news and events organization with bureaus in North America. The Company will compensate Electrik Dojo for a three-month period at a total rate of USD$100,000.

“The Company continues to look at future marketing opportunities and strategic consultants to grow awareness of the Company and its activities. As a Company, we look to disseminate accurate and in-depth information on our endeavors. We will look at marketing where appropriate and continue to do so with guidelines,” stated Ryan Hoggan, Chief Executive Officer of the Company.

Mota Ventures is an established eCommerce, direct to consumer provider of a wide range of CBD products in the United States and Europe.