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Universal mCloud Corp.

09:45 AM EST - Universal mCloud Corp. : Is commencing a non-brokered private placement of units of mCloud, at a price of $0.35 per Unit, for gross proceeds of up to $2, 000,000. Each Unit is composed of one common share of mCloud and one-half of one Common Share purchase warrant of mCloud. Each Warrant entitles the holder thereof to purchase one additional Common Share, at a price of $0.45 per Common Share, for a period of 36 months following the issuance of the Warrant. Universal mCloud Corp. shares V.MCLD are trading unchanged at $0.40.