SWMBRD Sports to close initial tranche of private placement

SWMBRD Sports Inc (CSE:SWIM) said it plans to close the first tranche of a non-brokered private placement, issuing 600,000 units at $0.03 per unit, generating $18,000. Each unit comprises one common share and one warrant to purchase an additional share at $0.05, valid for two years from issuance, subject to a four-month resale restriction.