Intellistake Technologies Corp. has announced a non-brokered private placement of units at a price of $0.87 per unit, aiming to raise up to $5 million. Each unit will include one class "A" share and one share purchase warrant, with the warrant allowing the purchase of an additional share at $1.08 within 36 months. The company may issue up to 5,747,127 units, potentially increasing to 6,609,196 units if an over-allotment option is fully exercised. The completion of the offering is contingent on receiving disinterested shareholder approval. The securities will be subject to a hold period expiring four months and one day post-closing.