BZAM Ltd. (OTCQX: BZAMF) (CSE:BZAM) announced that it intends to complete a non-brokered private placement of up to approximately 22.22 million units of the company at an issue price of CA$0.225 per unit for gross proceeds of up to approximately CA$5 million ($3.7 million).

Matt Milich, CEO, stated: "We are grateful for the continued support of our chairman and largest shareholder. This investment falls within the estimated range of funding anticipated at the time of the November merger to be required by the company, as we continue to work toward achieving positive EBITDA and free cashflow …

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